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Citi Bailout

The Economic "Do Over"

Jorge Hernandez | Posted 05.25.2011 | Business
Jorge Hernandez

We all remember the "Do Over." As children whenever a game went awry, someone would yell out, "Do Over!" What we need in this country is an economic "Do Over."

Citi Close To Secret Deal With Regulator

Financial Times | Posted 05.25.2011 | Business

Citigroup is close to a secret agreement with one of its main regulators that will increase scrutiny of the US bank and force it to fix financial, man...

Citi Sharply Raises Interest Rates On Credit Cards Months Before New Rules Take Effect

Financial Times | Posted 05.25.2011 | Business

Citigroup has sharply increased interest rates on up to 15m US credit card accounts just months before curbs on such rises come into effect, in a move...

FDIC's Bair Pressures Citi: Get Your House In Order

New York Times | ERIC DASH | Posted 05.25.2011 | Business

Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York. On the line was Sheila C. Bair, the head of the Fede...

BofA, Citi Risk Getting Left Behind By Healthy Rivals

Reuters | Posted 05.25.2011 | Business

Bank of America Corp (BAC.N) and Citigroup Inc (C.N) may be at risk of getting left behind. Rivals including JPMorgan Chase & Co (JPM.N) and Goldma...

Citi Halts Severance Payouts To Some Former Execs

Reuters | Posted 05.25.2011 | Business

(Reuters) - Citigroup Inc (C.N) told about five former top executives that they will not be paid tens of millions of dollars in promised severance pay...

Citigroup's History Of Overreaching, Then Being Rescued

Washington Post | Binyamin Appelbaum | Posted 05.25.2011 | Business

When Citicorp and Travelers Group agreed on a historic merger in 1998, the heads of the two companies placed a courtesy call to inform the Treasury De...

U.S. Weighs Further Steps For Citi

Wall Street Journal | DAMIAN PALETTA, JON HILSENRATH and DAVID ENRICH | Posted 05.25.2011 | Business

Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if...

U.S. Could Expand Its Stake In Citi | DAVID ENRICH and MONICA LANGLEY | Posted 05.25.2011 | Business

Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling ban...

Citigroup Bailout: Feds Offer Massive Rescue Package To Financial Giant

Huffington Post/NYT/AP/WSJ | Posted 05.25.2011 | Business

The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hund...