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Citigroup Inc

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  • Citigroup to Cut Mortgage Exposure by $45 Billion Thursday, 6 Mar 2008 | 4:24 PM ET
    Citigroup Center

    Citigroup said it aims to cut its home loan exposure by $45 billion, reduce risk and save $200 million a year in an overhaul of its U.S. residential mortgage business.

  • Hard-hit bond insurer Ambac Financial Group's plans to raise at least $1.5 billion in new capital are not enough to fix its capital adequacy problem, analysts at Goldman Sachs and J.P. Morgan Securities said.

  • No Silver Bullet Wednesday, 5 Mar 2008 | 6:25 PM ET

    After Ambac's bailout went bust, what can possibly help the struggling financials?

  • Stocks Claw Their Way Back as Oil Tops $104 Wednesday, 5 Mar 2008 | 5:10 PM ET

    Stocks clawed their way back to close higher Wednesday after a rollercoaster day of trading loaded with news.

  • Stocks Turn Mixed After Ambac News Wednesday, 5 Mar 2008 | 2:34 PM ET

    Stocks pulled back in afternoon trading Wednesday, led by financials, as news on Ambac trickled out.

  • Ambac to Raise $1.5 Billion To Keep Triple A Rating Wednesday, 5 Mar 2008 | 1:49 PM ET

    Ambac's plan to raise up to $1.5 billion in capital is nearly complete, bankers say, which should help the troubled bond insurer keep its crucial triple A debt rating.

  • Ambac Announces Plans To Raise Up to $1.5 Billion Wednesday, 5 Mar 2008 | 12:42 PM ET
    Ambac

    Ambac Financial Group announced plans to raise up to $1.5 billion in capital in an attempt to keep its crucial triple A debt rating.

  • Buy This Bottom Tuesday, 4 Mar 2008 | 6:26 PM ET

    There are too many opportunities for investors to be sitting on the sidelines.

  • 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.