Company: Citigroup Inc.

Citigroup sold its stake in India's Housing Development Finance Corp for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital
requirements.  

Ford Motor is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.

European Union diplomats and the European Parliament agreed on Thursday to overhaul regulation of the roughly $700 trillion derivatives market, a move that will make it easier to control one of the most opaque areas of finance.

Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.

Citigroup said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick up meaningfully, as the prospect of more layoffs looms large over investment banks globally.

Global stocks will gain 20 percent by the end of 2012, according to a report by Citigroup’s head of equity strategy.

Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria.