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Citigroup Inc

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  • Dollar Drops to 2-1/2 Year Low vs. Yen Tuesday, 15 Jan 2008 | 11:35 AM ET

    The dollar Tuesday fell to its lowest against the yen since June 2005 and extended declines against the euro after U.S. retail sales data provided further evidence an economic slowdown was spreading to the consumer.

  • Credit Crisis: All In Our Heads Or All Too Real? Tuesday, 15 Jan 2008 | 11:24 AM ET

    Citigroup’s $18.1 billion-dollar writedown has to make you wonder what’s real and what’s fear. What am I talking about? Okay, all these write downs that we’ve been hearing about over the last few quarters are all about the performance of subprime mortgages, or are they?

  • Citigroup Cuts Dividend, Writes Down $18.1 Billion Tuesday, 15 Jan 2008 | 9:28 AM ET
    Citigroup

    Citigroup reported a quarterly loss that was nearly double expectations due to a huge writedown for subprime mortgages.

  • Retail Numbers (Disappointing) And Citi (They Blew It) Tuesday, 15 Jan 2008 | 9:02 AM ET

    Retail sales a clear disappointment, dropped futures even more, only good news is Fed has even more room to ease here. Citigroup reported a fourth quarter loss of $1.99, $1.03 expected. Losses were driven by write-downs (of $17.4 billion) and losses in subprime, and an increase in credit costs of $5.4 billion in the consumer loan portfolio (more signs that the consumer is slowing down).

  • Merrill Gets $6.6 Billion From Three Foreign Funds Tuesday, 15 Jan 2008 | 7:21 AM ET

    Merrill Lynch said Tuesday that it is getting a cash infusion of $6.6 billion from three foreign investment funds.

  • Senate Subpoenas Four Wall Street Firms: WSJ Tuesday, 15 Jan 2008 | 12:58 AM ET

    Four Wall Street firms have received subpoenas from US Senate investigators who are examining whether the firms improperly structured transactions to help hedge funds avoid dividend taxes, The Wall Street Journal reported on its website.

  • Market Insider/Tuesday Look Ahead Tuesday, 15 Jan 2008 | 12:07 AM ET

    Important economic data will compete with Citigroup's much-anticipated earnings report ahead of Tuesday's opening bell. Retail sales data is being particularly watched to see if it is weak enough to prompt the Fed to cut rates even before its regular meeting at the end of the month.

  • Stocks Shake Off The Blues Monday, 14 Jan 2008 | 7:01 PM ET

    Wall Street advanced sharply Monday, with solid preliminary results from IBM encouraging investors to go back into the stock market. What's the word on the Street?

  • House Panel Asks CEOs to Testify on Severance Monday, 14 Jan 2008 | 6:31 PM ET

    A Congressional committee said on Monday it invited current and former chief executives of three major financial institutions -- Countrywide Financial Corp , Citigroup  and Merrill Lynch  -- to testify on Feb. 7 about their severance packages.

  • Stocks Rally on IBM's Bullish Outlook Monday, 14 Jan 2008 | 2:55 PM ET

    Stocks closed sharply higher after IBM's improved outlook kicked off a market rally.

  • Financials: Is Citi "Pushing Them" To A Bottom? Monday, 14 Jan 2008 | 2:00 PM ET

    The idea that financials are close to a turning point has been percolating for several weeks. But word that Citigroup could take a massive writedown when it releases earnings tomorrow has added fuel to the theory the group may be closing in on a bottom.

  • Euro Stocks End Higher, Banks Gain Monday, 14 Jan 2008 | 11:40 AM ET

    Europe's major indexes ended slighlty higher Monday, despite early losses, as banking stocks made firm gains and helped to overcome worries about a U.S. recession.

  • Dollar Slides, Hits Record Low vs. Swiss Franc Monday, 14 Jan 2008 | 11:25 AM ET
    Dollar and Yen

    The dollar dropped to a record low versus the Swiss franc and seven-week lows against the euro and yen on Monday as concern that weak U.S. corporate earnings will prompt more interest rate cuts weighed on the currency.

  • Citigroup's Layoffs Could Reach 24,000 This Year Monday, 14 Jan 2008 | 8:19 AM ET

    Citigroup plans to announce a writedown of as much as $24 billion and layoffs of up to 24,000 due to subprime and credit-related losses, CNBC has learned.

  • Asian Stocks End Mostly Lower as Gold Rallies Monday, 14 Jan 2008 | 5:05 AM ET

    Asian markets ended mostly lower Monday, while the price of gold hit a new record high above $900 a troy ounce as investors sought protection against a potential U.S. recession and a weaker dollar. Hong Kong stocks closed 1.5 percent lower and South Korean shares lost almost 1 percent. 

  • D-Day For Wall Street Friday, 11 Jan 2008 | 7:24 PM ET

    In "Tomorrow's Playbook", the largest banks reveal just how bad it is out there. What’s the trade ahead of earnings from Citibank (C) and Merrill (MER). Also how to play the upcoming Macworld conference and the new defense budget.

  • Game Plan: Bad News Is Good News Friday, 11 Jan 2008 | 7:04 PM ET

    The worse news out of the banks next week, the better chance the Fed will keep its promise.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Citi to Get Investment from Saudi Prince, China: WSJ Friday, 11 Jan 2008 | 6:13 PM ET

    Saudi Arabian Prince Alwaleed bin Talal, Citigroup's largest individual shareholder, will inject new cash to help America's biggest bank grapple with heavy mortgage market losses, the Wall Street Journal reported on its Web site on Friday.

  • Buying Into Financials: The Good News And Bad Friday, 11 Jan 2008 | 3:42 PM ET

    Quarterly reports next week from Citi, JP Morgan, Washington Mutual, Wells Fargo, Comerica, Merrill Lynch, PNC. There are plenty looking to go long after the reports are out, based on valuation. For example, Citi and Wells Fargo are trading in the bottom 10 percent of their historical valuation.

  • Merrill Lynch

    Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.