Citibank

Time to Change the Rules Rather Than Throw More Money at the Banks

David Paul | Posted 12.24.2008 | Business


David Paul

The current lesson for the commercial banks is that if they want to survive, they should not do any of the things -- such as increase lending -- that the Treasury is trying to get them to do.

Citigroup Holds Talks With US Government As Shares Plummet

Reuters | Posted 12.22.2008 | Business


Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person famil...

Citigroup Loses More Than One-Quarter Of Its Market Value

Reuters | Posted 12.21.2008 | Business


Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of...

Citigroup Stock Drops To 13-Year Low, Fear Grows

Reuters | Jonathan Stempel | Posted 12.20.2008 | Business


Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbl...

Citigroup Job Cuts: Could Citi Be Headed For Buyout Or Government Takeover?

Huffington Post | Dave Burdick | Posted 03.26.2009 | Business


All weekend, the media has been atwitter with the rumor of enormous impending job cuts at Citigroup. This morning, Clusterstock reports that Citigroup...

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 12.16.2008 | Business


David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

Citigroup To Cut 10 Percent Of Its Workforce

Reuters | Posted 12.15.2008 | Business


Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to pr...

Citigroup Posts $2.8 Billion Loss

AP | MADLEN READ | Posted 11.16.2008 | Business


NEW YORK — Citigroup Inc., suffering its fourth straight quarterly loss and forfeiting the title of largest U.S. bank by assets, is falling behi...

Citi Gives Up Challenge To Wells Fargo-Wachovia Deal

AP | SARA LEPRO | Posted 11.09.2008 | Business


NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...

New York Psychiatrist Uses Verbal Abuse On Wall Street Clients

The Daily Beast | Dr. Stephen Josephson | Posted 11.06.2008 | Business


A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...

Banks May Have Lost $500 Billion In Credit Crisis

Clusterstock | Jonathan Kennedy | Posted 09.20.2008 | Business


Remember when everyone gasped in astonishment when Fed Chairman Ben Bernanke said that total losses from the credit crisis could eventually sum to a w...

Calamity Kaine: Virginia Gov, Possible Veep, Trembles at Big Coal

Glenn Hurowitz | Posted 06.24.2008 | Green


Glenn Hurowitz

Virginia governor Tim Kaine set a new standard for politician mealy- mouthedness with a letter to his Air Board. The situation is clear to most Virginia watchers: Kaine is terrified of Big Coal.

Student Loans Start To Bypass 2-Year Colleges

New York Times | Posted 06.10.2008 | Business


Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive insti...

Citigroup To Sell $3B In Stock

Reuters | Posted 05.07.2008 | Business


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Citi Job Cuts Expected After Huge Losses Posted

AP | Posted 03.28.2008 | Business


Citigroup Inc. is expected to announce thousands of job cuts after posting dismal results for the fourth quarter, when the bank's mortgage-riddled por...

Citigroup Gets $12.5 Billion Infusion

AP | Madlen Read | Posted 03.28.2008 | Business


Citigroup Inc. secured $12.5 billion in much-needed cash and slashed its dividend as a huge drop in the value of its mortgage holdings sent it to its ...

Troubled Citigroup Seeking Cash Infusion From China, Kuwait

New York Times | ERIC DASH and ANDREW ROSS SORKIN | Posted 03.28.2008 | Business


Citigroup is turning to cash-rich foreign investors for a second time as it confronts mounting losses on mortgage-related investments. The financial ...

Top 10 Worst Business Deals

Time | Bill Saporito | Posted 03.28.2008 | Business


#1. The Public Invests in Blackstone Group It was only a matter of time before the private equity firms let the public in on the game -- for an infla...

Analysts Bemoan Lack Of Leadership At CEO-Seeking Citi

Wall Street Journal | Robin Sidel | Posted 03.28.2008 | Business


Citigroup Inc. had a Prince, but now it needs a king. As the bank hunts for a chief executive officer to succeed Charles Prince, it is becoming clear...

Robert Rubin Named Citi Chairman Amid Bank's Troubles

New York Times | Eric Dash | Posted 03.28.2008 | Business


Throughout a long, public career, Robert E. Rubin spanned the highest reaches of Wall Street and Washington, and succeeded wherever he went. Now he m...