Big Rescue of Funds by Citigroup
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Citigroup moved on Thursday to rescue seven affiliated investment funds that have been upended by the running crisis in housing-related debt.
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Business & money: Company retirement funds were recovering from their deficit problems. Then came the new share plunge. Jill Insley and Heather Connon report
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Through good times and bad, this mutual fund has delivered.
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Citigroup Inc. , the largest U.S. bank, said on Friday that second-quarter profit rose, helped by record revenue and expense controls.
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Unlike more focused companies, Citigroup finds success by diversifying its business.
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A federal judge on Friday approved  Citigroup Inc.'s $2.6 billion settlement with  WorldCom Inc.  investors who lost billions when an accounting scandal plunged  the telecommunications company into bankruptcy protection.
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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case.
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Alitalia stepped back from the brink of bankruptcy yesterday night as its board of directors approved a rescue plan that will allow the airline to tap into a â¬400 million ($486 million) emergency loan.
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Citigroup Inc  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 on Friday.
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Regulators Monday fined a unit of Citigroup Inc., the nation&#39;s largest financial institution, $250,000 for using what they said was &quot;inappropriate&quot; sales material for hedge funds.
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Barclays, forced this week to deny reports of exposure to troubled debt products, said it helped rescue a $1.6 billion debt fund at a London-based asset management firm.
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Securities regulators have ordered a division of Citigroup Inc. to pay a $275,000 fine plus restitution for allegedly recommending high-risk commodity futures funds to people who shouldn&#39;t have invested in them and failing to fully disclose the risks.
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Citigroup Inc  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 on Friday.
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Citigroup's fourth-quarter writedowns are expected to be staggering.
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Citigroup's new chief Vikram Pandit could save the troubled bank $5 billion and avoid a lot of pain. Here's why.
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Barclays  and Royal Bank of  Scotland  have lined up emergency funds of up to $30  billion from the U.S. Federal Reserve to bail out American  clients caught up in the global credit crunch, a paper said.
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Citigroup Inc  and Merrill Lynch  & Co Inc  said they raised another $20 billion of  capital from investors in Asia, the Middle East, and elsewhere,  as the subprime mortgage crisis forced additional massive asset  write-downs and devoured more of banks' capital.