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Citigroup Bailout

Citigroup's Third Government Bailout Probably Not Its Last: Analysts

Bloomberg | Christine Harper | Posted 03.31.2009 | Business

Read More: Citigroup Rescue, Bank Bailouts, Economy, Financial Crisis, Citigroup Bailout, Recession, Citigroup, Business News

The U.S. government's third attempt to help rescue Citigroup Inc. won't stanch the company's losses, which will continue to swell and may lead the ban...

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U.S. Pressed To Add Billions To Bailouts

nytimes.com | EDMUND L. ANDREWS, ANDREW ROSS SORKIN and MARY WILLIAMS WALSH | Posted 03.26.2009 | Business

Read More: Billions More for Bailout, AIG Bailout, Chrysler Bailout, GM Bailout, Citigroup Bailout, Financial Crisis, Auto Bailout, Business News

The government faced mounting pressure on Monday to put billions more in some of the nation's biggest banks, two of the biggest automakers and the big...

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Citigroup Nationalization: Market Reacts To Talks Of 40% Gov Stake

AP | TIM PARADIS | Posted 03.26.2009 | Business

Read More: U.S. Economy, Citigroup Bailout, Economy, Citibank, Banking, Banking Crisis, Banks, Bank Bailout, Citigroup, Citigroup Nationalization, Citi Nationalization, Citigroup Stock, Bailout Outrage, Business News

NEW YORK — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sigh...

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U.S. Could Expand Its Stake In Citi

wsj.com | DAVID ENRICH and MONICA LANGLEY | Posted 03.25.2009 | Business

Read More: Bailout, Citigroup Bailout, Citi Bailout, US 40% Stake in Citi, US to Expand Stake in Citi, Financial Crisis, Business News

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

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Citi's Sale Of Unwanted Assets Flailing, Difficulty Raising Cash

New York Post | MARK DeCAMBRE | Posted 03.20.2009 | Business

Read More: Citi Cash, Citi, Citibank, Citigroup Bailout, Citi Asset Sales, Citigroup Asset Sales, Citigroup, Business News

Citigroup's quest to raise cash by selling the assets it doesn't want is falling flat, as would-be suitors have more interest in the parts of the busi...

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Banks, Baseball, and What's Wrong with "Naming Rights"

Warren Goldstein | Posted 03.14.2009 | Politics

Read More: New York Yankees, Privatization, New York Mets, Baseball, Stimulus Plan, Citigroup Bailout, Bank Bailout, Politics News
Warren Goldstein

The brouhaha over Citigroup's naming rights to the new Mets stadium taps into intense feelings, not only about a storied baseball franchise, but also about the economic mess we're in.

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Wealth Without Wall Street

Don McNay | Posted 03.12.2009 | Business

Read More: Small Business, Wall Street Bailout, Main Street and Wall Street, Cnbc, Too Big to Fail, Enron, Main Street, Don McNay, Insurance Companies, Cirtigroup, Small Business Administration, Wall Street Crisis, Bailout, Wall Street, Charlie Gasparino, Citigroup Bailout, Deregulation, Banks, Kentucky, CEO Compensation, Entrepreneurship, Bonuses, Entrepreneur, Wall Street Bonuses, Personal Finance, Soviet Union, Citigroup, Oregon, Business News
Don McNay

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

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Letter From Paris: Greed Heard Round The World

Beth Arnold | Posted 03.01.2009 | World

Read More: Russia, John Thain Bank of America, Greed, John Thain Bonus, Citigroup Bailout, French Strike, Vladimir Putin Russia, John Thain Merrill Lynch, Tibet, China Tibet, Corporate Greed, Davos 2009, China, Paris, World News
Beth Arnold

While banks and the auto industry have been bailed out, public transportation workers and other civil servants complain that small and medium businesses -- the people -- have gotten a big fat zero.

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Citigroup And The Credit Card

Christopher Brauchli | Posted 02.15.2009 | Business

Read More: Bailout Plan, Citigroup Stock, Credit Crisis, Credit Card Debt, Citigroup Bailout, Citibank, Interest Rates, Citigroup Customers, Citigroup Interest Rates, John Stumpf, Vikram Pandit Citigroup, Vikram Pandit, Credit Card Interest Rates, CEO Bonuses, Financial Crisis, Citigroup Credit Card, Winfried F. W. Bischoff, Business News
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

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The Healthcare Crisis is the Employment Crisis

Deborah Burger | Posted 02.15.2009 | Politics

Read More: Universal Health Care, Heatlh Care, National Nurses Organizing Committee, California Nurses Assoication, Layoffs, Job Losses, Economic Crisis, Citigroup Bailout, Obama Economic Plan, Congressional Bailout, Financial Crisis, Medicare, Institute for Health and Socio-Economic Policy, Obama Health Care, Sustainability, Ihsp, Politics News
Deborah Burger

If America summons the courage, and the will, to resolve our health care crisis, we can provide our national economy with a genuine and long-term stimulus.

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Treasury Considering More Citigroup-Style Rescue Packages

AP | JEANNINE AVERSA | Posted 02.02.2009 | Business

Read More: Citi, Citigroup Rescue, Citigroup, Citigroup Bailout, Citibank, Business News

WASHINGTON — The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial instituti...

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It Takes a Movement to Save an Auto Industry

Miles Mogulescu | Posted 01.04.2009 | Politics

Read More: Automakers, Automaker CEOs, Timothy Geithner Treasury Secretary, Automaker Bailout, Big Three Automakers, Citigroup Bailout, United Auto Workers, Auto Workers, Paulson Bailout, Financial Crisis, Robert Rubin Citibank, Auto Industry Bailout, Recession Watch, Auto Industry, Detroit Bailout Reaction, Economy, Politics News
Miles Mogulescu

Picture a massive caravan of thousands of people effected by the auto industry landing up in front of the Capitol demanding action to save their jobs and staying there until Congress acts.

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Why Nationalizing GM and Citigroup Makes Sense

Ian Welsh | Posted 01.03.2009 | Business

Read More: GM Bailout, Gm, Citigroup Bailout, Economy, Nationalization, Citigroup, Business News
Ian Welsh

The #1 rule of the financial crisis so far has been that the people who caused it must be left in charge of everything. Going forward that has to change.

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Citigroup Bailout Leaves Toxic Securities On Bank's Balance Sheet

Christian Science Monitor | Mark Trumbull | Posted 01.01.2009 | Business

Read More: Citigroup Toxic Securities, Citigroup Balance Sheet, Economic Crisis, Economy, Financial Crisis, Citigroup Bailout, Wall Street, Citigroup, Business News

The US government's titanic battle against the credit crisis keeps escalating - and a key reason is that despite bailout efforts, the risk of "toxic" ...

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Robert Rubin's Awkward, Damning Citigroup Crisis Interviews

New York Magazine | Posted 03.26.2009 | Business

Read More: Financial Crisis, Banks, Robert Rubin, Citigroup, Citigroup Bailout, Economy, Bailout Outrage, Business News

Last week's New York Times article, which blamed him for bringing down Citigroup and really the entire global economy, must have been difficult for Ro...

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Saudi Prince Alwaleed Bin Talal Has Full Confidence In Citigroup (VIDEO)

CNBC | Posted 12.26.2008 | Business

Read More: Video, Vikram Pandit, Economic Crisis, Financial Crisis, Banking Crisis, Citigroup Bailout, Saudi Prince, Wall Street, Prince Alwaleed, Prince Alwaleed Bin Talal, Citigroup, Business News

Saudi Prince Alwaleed bin Talal says he has "full confidence" in Citigroup CEO Vikram Pandit and believes the bank's financial problems will resolve t...

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Someone Finally Gets It

Rep. Elijah Cummings | Posted 12.26.2008 | Business

Read More: Financial Crisis, GM Endorsement, Citigroup Bailout, Tiger Woods, GM Tiger Woods, Business News
Rep. Elijah Cummings

GM's decision to end its endorsement deal with Tiger Woods is demonstrative of the type of action that every company seeking federal assistance needs to take.

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Is Robert Rubin "Competent" Enough To Guide Team Obama?

Jane Hamsher | Posted 12.26.2008 | Business

Read More: Robert Rubin, Citibank, Paul Krugman, Barack Obama Robert Rubin, Citigroup Rescue, Citigroup Bailout, Barack Obama, Citigroup, Obama's Economic Team, Business News
Jane Hamsher

Yes, it's incredible that nobody required Rubin and the board to resign as a condition of the Citibank bailout. But I tend to look at these final days as the BushCo crooks holding their final heist.

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Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Silicon Alley Insider | John Carney | Posted 12.26.2008 | Business

Read More: JP Morgan Chase, Citigroup, Bailout, Finance, Citigroup Bailout, Economy, Financial Crisis, Banks, Bailout Plan, JP Morgan Chase Bailout, Business News

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions...

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Applying Mitt-o-nomics To The Citigroup Bailout

Bill Scher | Posted 12.26.2008 | Business

Read More: General Motors, Uaw, Big Three Automakers, Bailout, Romney, Citigroup, Citigroup Bailout, Mitt Romney, Financial Crisis, Business News
Bill Scher

Obviously, Citigroup must have kept secret its unionized workforce. Otherwise, how could it be suffering from such outrageous labor costs! These insidious underground unions must be rooted out and destroyed.

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Credit Markets Tighter Despite Citigroup Rescue

AP | CARLO PIOVANO | Posted 12.25.2008 | Business

Read More: Wall Street, Credit Markets, Credit Markets Tight, Financial Crisis, Economic Crisis, Citigroup Bailout, Citigroup, Business News

LONDON — Dollar lending rates between banks rose Monday despite the announcement of a U.S. plan to rescue troubled lender Citigroup Inc. The ra...

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Krugman: Citigroup Bailout Necessary, But Structured Outrageously

Huffington Post | Nicholas Graham | Posted 12.25.2008 | Business

Read More: Wall Street, Citigroup Bailout, Economy, Economic Crisis, Krugman Citigroup Bailout, Financial Crisis, Banking Crisis, Paul Krugman, Bank Bailout, Citigroup, Business News

One economist who's not pleased with the way the bailout of Citigroup is structured is Nobel Prize winner, and Princeton economics professor, Paul Kru...

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Citigroup's Spending Indefensible and Unacceptable

Rep. Elijah Cummings | Posted 12.25.2008 | Business

Read More: Bank Failure, New York Mets, Citigroup Bailout, Economy, Citibank Bailout, Financial Crisis, Citigroup New York Mets, Citigroup, Business News
Rep. Elijah Cummings

If the company has the funds to paste its name on the new Mets stadium, it has the money to maintain its operations and keep the 52,000 jobs it announced last week it would be eliminating.

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Plan To Save Citigroup Could Be Model For Bank Of America Plan

247wallst.com | Posted 12.25.2008 | Business

Read More: Fdic, Bank of America, Citigroup, Citigroup Bailout, Finance, Economy, Banks, Financial Crisis, Federal Reserve, Business News

People had all along compared the new-look, post-Merrill and Countrywide Bank of America to the behemoth Citigroup, calling them both "too big to suc...

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Citigroup Bailout: Feds Offer Massive Rescue Package To Financial Giant

Huffington Post/NYT/AP/WSJ | Posted 12.24.2008 | Business

Read More: Citigroup Treasury Department, Citigroup Federal Reserve, Citi Bailout, Citigroup Rescue, Citigroup Bailout, Financial Crisis, Citi Rescue, Citibank Rescue, Citigroup, Bailout Bandits, Business News

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...

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