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Citigroup Inc

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  • Stocks Close Mixed Amid Ambac Rumors Tuesday, 4 Mar 2008 | 4:38 PM ET

    Stocks declined Tuesday, with financials taking a beating after news of more fallout from the subprime mess at Citigroup. Energy stocks also fell as oil prices receded.

  • Citigroup's Job Cuts Could Total More Than 30,000 Tuesday, 4 Mar 2008 | 2:34 PM ET
    Citigroup

    Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime related debt, CNBC has learned

  • Financial Stocks Hit by Citi News; Oil Slides Tuesday, 4 Mar 2008 | 1:34 PM ET

    Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.

  • Banks Facing More Fallout From the Housing Crisis Tuesday, 4 Mar 2008 | 11:05 AM ET

    Three top government officials--including Fed Chairman Ben Bernanke--signaled that the expanding housing crisis is likely to take an even bigger toll on banks.

  • Stocks Slide After Intel, Citi News Tuesday, 4 Mar 2008 | 10:32 AM ET

    U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.

  • Earnings Estimates--Lowering Shows Weakness Ahead Tuesday, 4 Mar 2008 | 9:41 AM ET

    Any way you look at it, the main story today is lowering earnings estimates. Whether you look at Merrill slashing Citi's estimates, or Intel cutting its gross margin forecast, or downbeat comments from Barnes and Noble and Staples, the implications of the commentary on these companies is that things are not improving and, in some cases, weakness may continue into the second half of the year.

  • The banking industry, a source of pain for the markets since the credit crunch began, is center stage in today's trading. Citigroup shares this morning are getting whacked after Merrill Lynch slashed earnings estimates and said Citi could take another big writedown.

  • Stocks Log Fourth Straight Down Month Friday, 29 Feb 2008 | 4:15 PM ET

    Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • AIG, Dismal Economic Data Smack Stocks Friday, 29 Feb 2008 | 2:31 PM ET

    Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Stocks Slide Amid Economic Worries Friday, 29 Feb 2008 | 10:52 AM ET

    Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Goldman, Merrill, Citi Outlook Lowered Friday, 29 Feb 2008 | 7:49 AM ET

    Punk Ziegel lowered its earnings estimates for the first quarter and full year on several financial institutions in the US including Goldman Sachs, Merrill Lynch and Citigroup, to reflect higher loan losses underpinned by the weaker economy.

  • Does CEO Pay Inspire Performance? Many Say No Thursday, 28 Feb 2008 | 1:24 PM ET

    Only 39 percent of big investors think the way U.S. companies reward top executives has helped improve corporate performance, and most believe that top managers have too much influence in setting their own pay, a new study has found.

  • Stocks Jump on Fannie, Freddie News Thursday, 28 Feb 2008 | 9:07 AM ET

    Stocks jumped after Federal Reserve Chairman Ben Bernanke's testimony on Capitol Hill Wednesday.

  • Rally Fizzles, Leaving Stocks Flat Wednesday, 27 Feb 2008 | 4:19 PM ET

    Stocks finished mostly flat Wednesday as investors juggled encouraging news on the regulation of mortage lenders with another round of bleak news on housing and the economy.

  • Stocks Fall Back After Rallying on Housing Wednesday, 27 Feb 2008 | 1:59 PM ET

    Stocks fell back after rallying on renewed optimism about the struggling housing market.

  • Troubled Homeowners Still Find Help Hard to Get Wednesday, 27 Feb 2008 | 11:36 AM ET

    As the housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises.

  • Write-Down And Back Up Again Tuesday, 26 Feb 2008 | 6:21 PM ET

    As subprime securities find a price, banks could discover they lost less than they thought. Which bank will be the first to say they overstated their subprime writedown?

  • Ambac Rescue Involves Others Besides Exposed Banks Tuesday, 26 Feb 2008 | 4:11 PM ET

    Banks working to bail out Ambac include private equity and other financial firms that have no exposure to the troubled bond insurer, signaling optimism that Ambac will make money in the future.

  • Ambac Still Needs Ratings Firms To Approve Rescue Tuesday, 26 Feb 2008 | 9:48 AM ET

    Bond insurer Ambac saw its triple A rating reaffirmed by S&P Monday but could still be downgraded  if details of a proposed rescue plan aren't approved by ratings agencies.

  • Warning Writedown Ahead Monday, 25 Feb 2008 | 6:35 PM ET

    Banks begin reporting earnings March 10th. Will they issue warnings of further write-downs this week ahead of earnings? Also, your retail trades and options action in Cogent.