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Citigroup Inc

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  • Banks Closing in on Deal for Ambac Bailout Friday, 22 Feb 2008 | 4:39 PM ET
    MBIA

    Bankers working on the deal to bail out troubled bond insurer Ambac say progress is being made on a recapitalization plan that could save the bond insurer's triple-A rating.

  • Stocks Hit Reverse, Rise on Ambac News Friday, 22 Feb 2008 | 4:14 PM ET

    Stocks reversed what had been a down session Friday, with the Dow Jones Industrial Average rising on a CNBC report that progress is being made on a recapitalization plan that could save troubled bond insurer Ambac Financial's triple-A rating.

  • Financial Shares Hobble Markets Friday, 22 Feb 2008 | 1:08 PM ET

    U.S. stocks tumbled Friday as downgrades on the two biggest home-funding companies dragged on the financial sector. 

  • Oppenheimer Analyst Sees Citigroup Dividend Cut Thursday, 21 Feb 2008 | 5:29 PM ET

    Meredith Whitney, Oppenheimer & Co.'s banking analyst who was the first to say Citigroup needed to cut its dividend last year, told CNBC the bank would need to cut payouts again and raise more capital.

  • SocGen Posts Record Q4 Loss, May Take More Writedowns Thursday, 21 Feb 2008 | 12:36 PM ET

    Societe Generale confirmed a record fourth-quarter loss after absorbing a huge rogue trading scandal that has made France's second-biggest listed bank a potential takeover target.

  • Stocks Snap Three-Day Losing Streak Wednesday, 20 Feb 2008 | 4:57 PM ET

    Stocks snapped a three-day losing streak Wednesday as H-P earnings inspired investors to think long term.

  • On Road to Recovery, Stocks Wait for Real Estate Wednesday, 20 Feb 2008 | 1:39 PM ET
    For Sale Signs

    Many on Wall Street believe the stock market will not stabilize until it can do so on the shoulders of a real estate recovery.

  • BNP Paribas' Profit Falls, Confident on '08 Wednesday, 20 Feb 2008 | 12:24 PM ET
    BNP Paribas

    BNP Paribas, France's biggest listed bank, posted lower fourth-quarter profits on Wednesday in line with its guidance but said it was confident of growth in 2008.

  • CPI Pushes Stocks Lower; H-P Jumps Wednesday, 20 Feb 2008 | 10:47 AM ET

    Stocks opened lower Wednesday after a report on consumer prices raised concerns -- in an already jittery market -- about the Federal Reserve's reaction.

  • Credit Suisse Writes Down Further $2.85 Billion Tuesday, 19 Feb 2008 | 12:44 PM ET

    Credit Suisse has written $2.85 billion off the value of its asset-backed investments and found mismarking and pricing errors on its books, it revealed on Tuesday, sending its shares plummeting by 6.6 percent.

  • Credit Default Swaps Are Next to Take the Crunch Test Sunday, 17 Feb 2008 | 12:38 PM ET

    Credit default swaps form a large but obscure market that will be put to its first big test as a looming economic downturn strains companies’ finances.

  • Stocks Up for the Week Despite Holiday Sell-Off Friday, 15 Feb 2008 | 5:18 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Recession Worries Spur Sell-Off Ahead of Holiday Friday, 15 Feb 2008 | 2:32 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • UBS Shares Sink on Further Writedown Fears Friday, 15 Feb 2008 | 12:48 PM ET
    UBS

    Shares of UBS fell sharply Friday following warnings from Citigroup analysts that the Swiss banking giant might face an additional writedown of up to $18 billion in 2008.

  • Data, Best Buy Spook Stocks Ahead of Holiday Friday, 15 Feb 2008 | 11:30 AM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Citigroup Sets May Deadline for Business Review Friday, 15 Feb 2008 | 8:40 AM ET

    Citigroup Chief Executive Vikram Pandit has set a May deadline to review the company's business segments to determine which ones to keep, according to sources within the firm.

  • Citigroup Stops Withdrawals from Hedge Fund: WSJ Friday, 15 Feb 2008 | 7:58 AM ET
    Citigroup Headquarters

    Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported Friday.

  • Dow Drops 175 Thursday, 14 Feb 2008 | 6:26 PM ET

    Federal Reserve Chairman Ben Bernanke said the economy should grow at a slow pace before recovering later in the year. What's the word on the Street?

  • Some BofA Employees Riled Over Compensation Thursday, 14 Feb 2008 | 11:39 AM ET

    Bank of America is facing a revolt among current and recently fired employees over compensation.

  • Heavies Show Their Hands Wednesday, 13 Feb 2008 | 6:45 PM ET

    As Wall Street whales begin to disclose positions in their 13-F filings, should you trade in their wake?