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Citigroup Inc

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  • Ambac Shares Surge on Settlement with Citi Friday, 1 Aug 2008 | 11:03 AM ET

    Bond insurer Ambac Financial Group said on Friday it will pay $850 million to Citigroup in a settlement over risky derivatives that Ambac had insured.

  • Citigroup Faces Formal SEC Probe, State Subpoenas Friday, 1 Aug 2008 | 10:17 AM ET

    Citigroup on Friday said the U.S. Securities and Exchange Commission has opened a formal probe into possible violations of federal securities laws in connection with the sale of auction-rate securities.

  • Morgan Stanley Ends Layoffs, Is Now on Hiring Spree Thursday, 31 Jul 2008 | 6:08 PM ET
    Morgan Stanley

    Investment bank Morgan Stanley says it is done cutting jobs and going back on offense, spending some of the $1 billion it saved slashing 4,800 jobs in the past year to recruit top bankers and traders.

  • Stop Trading!: More Proof of a Bottom Thursday, 31 Jul 2008 | 3:58 PM ET

    Outside investment in a major bank has Cramer thinking we're ready for a turnaround.

  • Yes, the Market Has Bottomed Wednesday, 30 Jul 2008 | 7:10 PM ET

    Cramer means it when he says it. Our great national nightmare is over.

  • Stocks Rise After Surprise ADP Report Wednesday, 30 Jul 2008 | 11:18 AM ET

    Stocks rose Wednesday after ADP reported an unexpected rise in private payrolls and the government announced two measures intended to boost liquidity and provide some stability to financial markets.

  • SEC Continues Short-Selling Curb Through Aug. 12 Wednesday, 30 Jul 2008 | 3:21 AM ET

    U.S. securities regulators have extended through Aug. 12 an emergency rule aimed at curbing abusive short selling in the stocks of 19 major financial firms, including mortgage giants Freddie Mac and Fannie Mae.

  • Why Did Merrill – and Market – Rally? Tuesday, 29 Jul 2008 | 6:18 PM ET

    It all comes down to three important factors, Cramer says.

  • Stocks Claw Back Prior Session's Losses Tuesday, 29 Jul 2008 | 5:19 PM ET

    It just goes to show you, a little attitude never hurts: Stocks clawed back all of the prior session's losses as oil hit its lowest point since May and consumer confidence improved.

  • Oil, Confidence Help Stocks Bounce Back Tuesday, 29 Jul 2008 | 3:57 PM ET

    It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • Merrill Writedowns Could Be Watershed For Banks Tuesday, 29 Jul 2008 | 1:52 PM ET
    The New York Stock Exchange, downtown New York City.

    Merrill Lynch's latest effort to shed its subprime debt could set the standard for a final round of writedowns in the financial sector.

  • What Merrill's Selloff Means For Financials Tuesday, 29 Jul 2008 | 1:22 PM ET

    Is everyone going to have to sell CDOs at $0.22 on the dollar, as Merrill has? Guy Moszkowski at Merrill Lynch says maybe not.

  • Stocks Get a Boost From Rise in Confidence Tuesday, 29 Jul 2008 | 11:51 AM ET

    It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • Citigroup May Write Down $8 Billion: Analyst Tuesday, 29 Jul 2008 | 10:03 AM ET
    Citibank

    Deutsche Bank analyst Mike Mayo said that Citigroup may post third-quarter write-downs of about $8 billion from its exposure to collateralized debt obligations (CDOs), a day after Merrill Lynch agreed to sell its CDOs for just 22 cents on the dollar.

  • Merrill: Why It's The Big Story Tuesday, 29 Jul 2008 | 9:11 AM ET

    Two weeks after reporting huge losses, Merrill Lynch has surprised the Street with significant sales and capital raising. They are: 1) selling $30.6 b in CDOs. They were carried on the books at a value of $11.1 b; buyer Lone Star is paying $6.7 b ($0.22 on the dollar), but Merrill is financing three-quarters of the sale;

  • Tuesday’s D-Day for SEC – and Banks Monday, 28 Jul 2008 | 7:23 PM ET

    If the Commission chooses to no longer enforce its naked short selling rule, the financials could be in some real trouble.

  • Merrill Sets $5.7 Billion Writedown, Sells Shares Monday, 28 Jul 2008 | 6:52 PM ET
    Merrill Lynch

    Merrill Lynch said it expects to take a $5.7 billion pretax writedown in the third quarter due to losses on the sale of mortgage assets and plans to raise at least $8.5 billion by selling new common shares.

  • Major Indexes Fall Back Into Bear Territory Monday, 28 Jul 2008 | 5:03 PM ET

    Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline, clipping consumer-discretionary stocks, including homebuilders, airlines and retailers.

  • Financials Lead Decline After Bank Failures Monday, 28 Jul 2008 | 3:44 PM ET

    Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline.

  • Why Financials Are Weak Monday, 28 Jul 2008 | 1:14 PM ET

    A number of factors have been proposed to account for the weakness in financials today. Several traders have pointed to National Australia Bank, which on Friday revealed that exposure to the U.S. subprime market was forcing them to set aside an additional $805 million...