The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferre...
AP | SARA LEPRO | Posted 10.10.2008 | 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...
Reuters, BloggingStocks | Dave Burdick | Posted 10.07.2008 | Business
The bizarre battle for a troubled bank that started on Friday continues this week. Citigroup, which claims it had an exclusive deal with the FDIC and ...
J. Carl Ganter | Posted 10.07.2008 | Business
The World Economic Forum was more college than commitment. But this meeting, to my ears, was surprisingly candid and left its participants with plenty of homework.
New York Times | Jonathan D. Glater | Posted 10.06.2008 | Business
The financial giant, Citigroup, on Monday finally filed its complaint against rivals banks Wachovia and Wells Fargo, laying out the claims underlying ...
Dave Burdick | Posted 10.06.2008 | Business
Last week, Citigroup and the FDIC seemed to be close to a deal to acquire the troubled Wachovia Corp. Then, on Friday, Wells Fargo swooped in and made...
AP | SARA LEPRO | Posted 10.05.2008 | Business
NEW YORK — The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruli...
AP | SARA LEPRO | Posted 10.03.2008 | Business
NEW YORK — A battle broke out Friday for control of Wachovia, as Wells Fargo agreed to pay $14.8 billion for the struggling bank, while Citigrou...
James Berman | Posted 10.01.2008 | Business
The divide between a severe recession and a depression is vast. It's important to keep this divide in mind, because an error in the measure of that gap can lead to major mistakes.
Robert Scheer | Posted 10.01.2008 | Politics
How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of telling us if we don't instantly give Wall Street $700 billion, then we are destroying America.
New York Times | Posted 09.29.2008 | Business
Citigroup has agreed to buy Wachovia's banking operations for $1 a share, a move that that would concentrate power within the nation's banking industr...
NY Times | Posted 09.26.2008 | Business
Updated: Wachovia has begun preliminary talks with Citigroup about a potential merger, people briefed on the matter said Friday afternoon. Feelers ha...
Wall Street Journal | David Enrich and Robin Sidel | Posted 09.19.2008 | Business
Citigroup Inc., moving to take advantage of the turmoil that is hobbling banks throughout the U.S., is considering making a bid for Washington Mutual ...
Robert Scheer | Posted 09.17.2008 | Politics
Gag me with a spoon, as Valley girls used to say. Did you see that McCain-Palin ad promising "tougher rules on Wall Street to protect your life savings, no special interest giveaways"? How dumb do they think we are?
Dan Solin | Posted 09.16.2008 | Business
Do you have an account with a brokerage firm? Does your broker discuss with you the importance of analysts reports and the "target price" the analyst has placed on a particular stock?
TheBigMoney.com | Chadwick Matlin | Posted 09.16.2008 | Business
Almost lost in the smoke-bomb of Lehman Brothers' epic fail Sunday was Bank of America's historic takeover of Merrill Lynch for $50 billion. Over the ...
AP | Posted 08.27.2008 | Business
NEW YORK (AP) -- Citigroup Inc. isn't just eliminating jobs to slash costs -- it's also clamping down on color copying and BlackBerrys. In a recent m...
Clusterstock | Jonathan Kennedy | Posted 08.20.2008 | 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...
Shelly Palmer | Posted 08.18.2008 | Business
This is the story of a very expensive customer loyalty program that worked flawlessly for two decades only to be derailed by several remarkable misuses of technology.
Dan Solin | Posted 08.13.2008 | Business
There is a fine line that separates the admirable quality of forgiveness from the sad one of being a sucker. When you consider doing business with securities firms, you need to decide which side of that line you are on.
Reuters | Posted 08.12.2008 | Business
Last month, the SEC imposed a temporary rule that requires investors to borrow stock before executing a short sale in 19 major Wall Street firms such ...
Dealbreaker | Bess Levin | Posted 08.08.2008 | Business
As many of you know, Citigroup fired Take A Report editor Michael J. McCarthy this week, who turned out to also be a seven-year veteran of the firm, m...
AP | MARCY GORDON | Posted 08.07.2008 | Business
WASHINGTON — Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements w...
BloggingStocks, Reuters, DealBreaker | Posted 07.29.2008 | Business
DealBreaker's Bess Levin reports that Merrill Lynch's bad news this week is contagious: Emboldened by Merrill's courting of public embarrassment, Cit...
AP | MADLEN READ | Posted 07.18.2008 | Business
NEW YORK — Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion se...
Dorothea Brande was an American writer and editor, well known...
Al Franken's campaign announced on Wednesday that, for the first time since the Minnesota...
The Obama team's decision to drop the idea of forcing oil and natural gas...
A standup comic once joked about his inner monologue...
I recently wrote an article entitled "Deepak Chopra on Mumbai:...
Arianna appeared on the "Daily Show"...
DALLAS — Of all the cajoling, snide remarks and...
President-elect Barack Obama and Vice President-elect Joe Biden met in Philadelphia...
It's not Oprah Winfrey's fault that former Vice Presidential candidate Sarah Palin hasn't...
Updated 4:20pm: Scroll down for excerpts from Thursday's hearing: AP has...
Who says these are bleak times? On...
via News Lite When The Beatles wrote 'I Am the Walrus'...
On Monday, Arianna wrote a piece about the terrifying state of America's economy. So, just like we did...
Bloomberg News | Posted 10.13.2008 | Home