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Citi

Herb Allison, Treasury Official: Government Barely Involved With Citi Despite $45 Billion Bailout

AP | DANIEL WAGNER | Posted 03.04.2010 | Business


WASHINGTON — Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different"...

Citigroup: Hedge Funds Led By George Soros, John Paulson Buying Huge Stakes In Troubled Bank

bloomberg.com | Nikolaj Gammeltoft and Whitney Kisling | Posted 02.17.2010 | Business


Feb. 17 (Bloomberg) -- Firms run by John Paulson, Eric Mindich and George Soros purchased almost half a billion shares in Citigroup Inc. last quarter ...

Have You Heard of the Interchange Fee?

Pedro Nava | Posted 02.03.2010 | Los Angeles


Pedro Nava

Interchange fees cost Americans $48 billion a year.

Citizens United Reveals the Danger of Our Right Wing Supreme Court

Mitchell Bard | Posted 01.23.2010 | Politics


Mitchell Bard

Here is the dirty little secret the GOP doesn't want you to know: The four extreme right wing Supreme Court justices are as activist as any judges can get.

Bailed Out Banks Spend Millions Sponsoring College Football Games

Houston Chronicle | Loren Steffy | Posted 03.18.2010 | Business


The winner of the BCS championship game won't be determined until Thursday night, but the loser's already decided. It's us. Citigroup, which needed a...

A Government Takeover of the Government

B. Jeffrey Madoff | Posted 03.18.2010 | Politics


B. Jeffrey Madoff

As we had our holiday dinner together, my kids asked me why billions can be spent on an expanding war, bailing out the auto industry and the banks, but when it comes to health care, people are afraid of a "government takeover."

Jim Cramer's Insanely Passionate Citigroup Recommendation Falls Flat (VIDEO)

Posted 03.18.2010 | Business


UPDATE: See Jim Cramer's response below Though we think the following clip from CNBC's Jim Cramer speaks for itself, here's some explanation. On...

Home For The Holidays: Citi Suspends Foreclosures For 30 Days

AP | ALAN ZIBEL | Posted 03.18.2010 | Business


WASHINGTON — Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holida...

Bailout Banks Keep Tax Breaks As They Repay Loans

AP | STEPHEN OHLEMACHER | Posted 03.18.2010 | Business


WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...

Bailout Payback: Wells Fargo, Citigroup Repay $45 Billion In TARP Funds

AP | Posted 03.18.2010 | Business


SAN FRANCISCO — Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the governmen...

Citigroup To Repay $20 Billion In TARP Bailout Money

AP | BY STEPHEN BERNARD | Posted 03.18.2010 | Business


NEW YORK — Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory ...

Citigroup, Wells Fargo Clash With Government Over TARP Repayment

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 03.18.2010 | Business


NEW YORK — Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from...

Citigroup: The Last U.S.-Owned Bank

nytimes.com | ANDREW MARTIN and ERIC DASH | Posted 03.18.2010 | Business


A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr. Pandit, its chief executive, were left in the u...

Citigroup Raises Salaries For CFO, Global Markets Chief

AP | STEPHEN BERNARD | Posted 03.18.2010 | Business


NEW YORK — Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will contin...

How to Live on $0 a Day: Assuaging Rage, One Prick at a Time

Lesley Stern | Posted 03.18.2010 | Comedy


Lesley Stern

If you're quivering with rage just thinking about Wall Street, it's time to take action. I've discovered a way to achieve a semblance of inner peace without therapists, tranquilizers or weapons.

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 03.18.2010 | Business


OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

Citi Closing Mastercards Without Warning

msn.com | Posted 03.18.2010 | Business


AP - NEW YORK - Shannon Burdette tried to pay with her Shell Mastercard after filling up her gas tank this weekend but found the card rejected. Confu...

Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 03.18.2010 | Business


WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

Citigroup Is "Queen Of The Zombie Dance Party": Institutional Risk Analyst

The Huffington Post | Ryan McCarthy | Posted 10.17.2009 | Business


Yet another Wall Street analyst has hammered Citigroup, despite a recent surge in the bank's stock price. Shares in Citigroup have shot up more than 6...

Norwegian Towns Sue Citigroup Over Investment Losses

latimes.com | Edward Cody | Posted 09.27.2009 | Business


Vik, Norway - The 2,800 residents of this pristine village isolated on a narrow finger of the gleaming Sognefjord are embarrassed, angry and eager to ...

From Bank of America, Two Different Stories About Tracking Bailout Funds

Huffington Post Investigative Fund | Ben Protess | Posted 09.25.2009 | Business


Is Bank of America, the nation's largest bank, tracking how it spends $45 billion in taxpayer funds? That depends on which Bank of America statement ...

Norwegian Towns Sue Citi Over Losses

Reuters | Posted 09.10.2009 | World


Seven Norwegian municipalities and a Norwegian securities broker are suing Citigroup Inc for more than $200 million in damages after they lost million...

Obama's Economy

Michael Likosky | Posted 08.20.2009 | Business


Michael Likosky

If the TARP banks are to be a main investment vehicle for the next stage of recovery -- as they should be, it is after all our money not theirs -- it is heartening to have Obama at the helm.

Citi Close To Secret Deal With Regulator

Financial Times | Posted 08.15.2009 | 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...

Bailing Out Luxury

Michael Likosky | Posted 08.08.2009 | Style


Michael Likosky

With the start of Haute Couture Week in Paris, luxury is on the ropes. Christian Lacroix is going under. Meanwhile, Prada and Armani are offering their brands to cell phone and car makers.