GO
Loading...

Citigroup Inc

More

  • Dollar-Fueled Rally Fizzles; Banks Slide Monday, 23 Jun 2008 | 10:27 AM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Oil Whipsaws, S&P Flat as Quarter End Looms Monday, 23 Jun 2008 | 9:38 AM ET

    Oil was trading up early in the morning, despite the Saudis agreeing to raise oil production 200,000 barrels a day -- however, after the dollar had been strengthening, oil began moving down. Gold also weakened, down 2.7 percent.

  • Citigroup To Cut 10% of Investment Bank Unit: Reports Sunday, 22 Jun 2008 | 10:02 PM ET
    The Citibank logo is shown on a branch office Wednesday, April 11, 2007 in New York. Citigroup Inc., which includes Citibank, announced Wednesday that it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profits. (AP Photo/Mark Lennihan)

    Citigroup is set to slash about 6,500 jobs in its investment banking division, the Wall Street Journal said on its website on Sunday.

  • Stop Trading!: What's Killing the Banks? Friday, 20 Jun 2008 | 3:23 PM ET

    One of this sector's last lines of defense in the market is falling through.

  • Bank Worries Ripple Through the Market Friday, 20 Jun 2008 | 12:02 PM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Financials Lead Sell-Off Amid Bank Worries Friday, 20 Jun 2008 | 10:48 AM ET

    Stocks fell sharply Friday, with volatility expected to remain high due to the expiration of options, oil prices continuing their climb and bank worries slamming the financial sector.

  • Market Insider: Friday Look Ahead Thursday, 19 Jun 2008 | 9:35 PM ET

    A blast of negativity surrounds the financials this morning and is dragging stocks lower on what promises to be a volatile day.

  • Sell Block: Goldman's Bank Hit List Thursday, 19 Jun 2008 | 7:02 PM ET

    These names are going down, so steer clear.

  • Stocks Rebound As Buyers Swoop Thursday, 19 Jun 2008 | 5:55 PM ET

    The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"

  • Stocks Pull Off a Gain; Oil Drop Buoys Techs Thursday, 19 Jun 2008 | 5:04 PM ET

    Stocks bobbed up and down Thursday, struggling to hold onto gains, as investors weighed oil's retreat against a dismal manufacturing reading and a fresh wave of concern about banks.  Oil slipped nearly $5, settling at $131.93 a barrel.

  • Pimco's Gross: Regional Banks Not Too Big to Fail Thursday, 19 Jun 2008 | 3:21 PM ET

    Bill Gross, chief investment officer at top bond fund Pimco, told CNBC Thursday that U.S. regional banks are at a disadvantage to their larger rivals because investors and regulators don't see them as too big to fail.

  • Stocks Grapple With Oil Drop, Downgrades Thursday, 19 Jun 2008 | 2:51 PM ET

    Stocks wavered Thursday after a dismal manufacturing reading and a slew of analyst downgrades.

  • Apple, Google, RIM, Amazon Starting To Shine Again Thursday, 19 Jun 2008 | 1:23 PM ET
    Tech Shines

    Wall Street can be a fickle place, and as investors wonder where they ought to park their money while they ride out the economic volatility gripping the country right now, they may want to harken back to some oldies but goodies: Apple Inc., Google, Research in Motion and Amazon.

  • Citigroup CFO Warns of Big Potential Writedowns Thursday, 19 Jun 2008 | 12:54 PM ET
    Citigroup

    Citigroup could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors.

  • Telefonica Wants 10% of China Unicom: FT Thursday, 19 Jun 2008 | 12:28 AM ET

    Spain's Telefonica hopes to buy a 10% stake in wireless operator China Unicom to take advantage of opportunities from Beijing's plan to overhaul its telecoms industry, the Financial Times said on Thursday.

  • Nothing To Trade But Fear Itself Wednesday, 18 Jun 2008 | 6:13 PM ET

    Gloom and doom predictions can't keep a good trader down. Here's what the Fast Money gang says could be worth a look!

  • Banks May Need $65 Billion New Capital: Goldman Tuesday, 17 Jun 2008 | 10:23 AM ET

    U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.

  • Dow Hit Off the Green; Banks Score Monday, 16 Jun 2008 | 4:52 PM ET

    As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.

  • Stocks Tick Higher as Oil Retreats Monday, 16 Jun 2008 | 1:51 PM ET

    Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks.  The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.

  • Nearly Half of Wall St. Bank Profits Are Gone Monday, 16 Jun 2008 | 4:59 AM ET

    Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished, the New York Times reported.