"Too soon" to judge cbank plan, Citi
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It is too early to judge whether a concerted action plan to grease the wheels of seized-up money markets will work, a top European central banker said on Friday, as U.S. banking giant Citigroup faced fresh strife.
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A federal appeals court ordered a lower court yesterday to reconsider whether a lawsuit against underwriters including Citigroup and Morgan Stanley can proceed as a class action.
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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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WASHINGTON -- The Securities and Exchange Commission is considering recommending charges against two former Citigroup Inc. employees and a current employee, the financial-services giant said Friday.
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Citigroup strategists argue bond yields have a long way to rise before they threaten equities.
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Citigroup Inc.  could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated on Sunday.
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Citigroup said today that federal regulators had warned the bank that an investigation of its asset management unit could result in an enforcement action against the executive who ran the division until this week.
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Citigroup Inc., the world&#39;s largest bank, said the US Securities and Exchange Commission may take enforcement action against Thomas Jones, who ran the company&#39;s investment-management unit.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are mulling  sales of parts of their businesses from branches to entire  units in a nod to crunch times ahead, the Wall Street Journal  reported on its Web site on Thursday.
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U.S. financial news network CNBC may  not have to look far for its next insider trading feature.
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NEW YORK -- The Securities and Exchange Commission is considering recommending charges against a Citigroup executive whose departure was announced this week, the financial-services giant said Friday.
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The recent woes of Citigroup   have encouraged some investment bankers to talk up the chances  that the biggest U.S. bank might feel pressure to buy a major  U.S. rival, with Wells Fargo & Co.  and even Goldman  Sachs Group  touted as potential merger partners.
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Citigroup said that federal regulators had warned the bank that an investigation of its asset management unit could result in an enforcement action.
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Here's a ticker we watched too long.
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DALIAN, China  - Turmoil in the credit markets will take a toll on the U.S. economy but the full impact will not be clear for another two or three months, William Rhodes, senior vice chairman of Citigroup Inc, said on Thursday.
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The chief executive of Citigroup has taken a number of symbolic steps to address concerns by investors that his company is too immense to manage.
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London and Tokyo - Citigroup, the world&#39;s biggest bank, said yesterday that it should have considered its clients before flooding Europe&#39;s MTS electronic market with bond sales last month and profiting on the price decline.