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Citigroup Inc

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  • 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.

  • Insurers MBIA, Ambac Ratings Affirmed by S&P Monday, 25 Feb 2008 | 4:14 PM ET
    MBIA

    Standard & Poor's reaffirmed the Triple A rating on the two biggest bond insurers, MBIA and Ambac Financial Group, sparking a rally by both stocks and the market in general.

  • Stocks Rally On Good News for Bond Insurers Monday, 25 Feb 2008 | 2:58 PM ET

    Stocks closed sharply higher after Standard & Poor's reaffirmed the triple A ratings on two big bond insurers, sparking an explosive rally.

  • Gold lost some of its luster today after U.S. Treasury Under Secretary David McCormick gave support to the idea of International Monetary Fund gold sales. Earlier today, the Treasury, in a turnaround, said it would support gold sales from the IMF's reserves if they are part of a package reforming the way the organization operates.

  • Deal-Making Overcomes Financial Woes Monday, 25 Feb 2008 | 2:12 PM ET

    More trouble from the financial sector threatened yet again to thwart a mild rally on Wall Street.

  • Genentech, Housing Lead Stocks Higher Monday, 25 Feb 2008 | 1:17 PM ET

    Stocks moved into positive territory despite more signs of weakness in the housing market, as Genentech led pharmaceuticals higher.

  • Dresdner Bank Plans to Support Ambac Rescue Monday, 25 Feb 2008 | 12:17 PM ET

    Dresdner Bank, part of the Allianz insurance group, intends to support a rescue package for U.S. bond insurer Ambac Financial Group with a sum in the low double-digit millions of euros, the head of Dresdner's investment banking operations said on Monday.

  • Deal for Ambac Bailout May Be Announced Soon Monday, 25 Feb 2008 | 11:39 AM ET
    Hundred Dollar

    An official deal on a recapitalization plan for troubled bond insurer Ambac that could save its triple-A rating is near, as banks worked over the weekend to forge it.

  • As of Friday, 441 (just under 90%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Qatar's $60 Billion Fund Eyes Europe Banks, Shuns US Monday, 25 Feb 2008 | 6:37 AM ET
    A Royal Bank of Scotland logo is seen outside the company's offices in central London, Tuesday May 29, 2007. A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of euro71.1 billion (US$95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm. (AP Photo/Matt Dunham)

    Qatar's prime minister, who heads the country's $60 billion sovereign wealth fund, said he favors investing in European over U.S. lenders because U.S. bank stocks are likely to fall further.

  • Citigroup to Bail Out Internal Hedge Fund Saturday, 23 Feb 2008 | 1:23 PM ET
    Citigroup

    Citigroup earlier this week agreed to provide $500 million in credit to one of its troubled hedge funds, the bank disclosed in a regulatory filing late Friday.

  • 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.