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An independent consulting firm has given Citigroup Inc.'s management team a good review, but the embattled bank could see more changes among its top ranks, The Wall Street Journal reported Wednesday.
The hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.'s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg.
Borrowers should accept a new world of tighter, more expensive credit as financial institutions recover from months of bad loans, failed banks and foreclosed homes, Citigroup Inc.'s chief executive said Monday.
Japan's biggest bank says it has scrapped plans to buy Citigroup Inc.'s Japan trust banking unit.
Five hours and dozens of angry speakers into Citigroup Inc.'s annual meeting Tuesday, a long line of shareholders still waited at the microphone for their chance to vent.
The anger was evident at Citigroup Inc.'s annual meeting, where shareholders took turns at the microphone to object to how the bank has been operating.
Citigroup Inc.'s new board chairman, Richard Parsons, said financial institutions are being targeted for creating the nation's financial crisis, but they aren't the only ones responsible.
Citigroup Inc.'s CEO Vikram Pandit pushed back Friday against efforts in Washington to tax bonuses at financial companies that received federal bailout funds, saying it could result in the loss of valuable employees right when they're most needed.
A comeback in bank shares handed the stock market its best week since November as fears eased that major financial institutions would collapse or require additional government lifelines. Market veterans were quick to rein in hopes that the market would chart an uninterrupted recovery but many still saw the four straight days of gains a good sign.
A relentless sell-off in the stock market Monday blew through barriers that would have been unthinkable just weeks ago, and investors warned there was no reason to believe buyers will return anytime soon.
Citigroup Inc.'s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 percent, a person familiar with the talks said.
Citigroup Inc.'s residential mortgage unit has sold servicing rights on 185,000 loans to American Home Mortgage Servicing Inc.
When the economy was healthy, no one batted an eye at Citigroup Inc.'s agreement to spend millions of dollars to put its name on the New York Mets' new stadium.
Citigroup Inc. and Morgan Stanley agreed Tuesday to combine their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.
Wall Street ended an intensely volatile week with another sell-off Friday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy. The Dow Jones industrials fell 157 points, and all the major indexes finished the week with big losses.
Treasury prices fell for a second straight session Wednesday as investors, awaiting a sale of two-year notes, grew increasingly optimistic about the ability of banks and brokerages to weather the credit crisis.
Treasurys prices fell Wednesday as a drop in oil prices and better-than-expected results from Wells Fargo & Co. drew investors back into the pummeled stock market.
Citigroup Inc.'s chief financial officer on Thursday warned that the nation's largest bank by assets would suffer more "substantial" write-downs on debt investments in the second quarter.
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review — but only after shrinking the company by about one-fifth first.
Japanese stocks slipped on Thursday as cautious investors took a wait-and-see stance ahead of the release of corporate earning results.
Citigroup Inc.'s new chief executive Vikram Pandit received $3.16 million in total compensation during 2007 — the year that started with him running his own hedge fund and ended with him at the top of the largest U.S. bank by assets.
It's been a big week for Citigroup: the bank named a new CEO and then, in an about-face, took control of the seven troubled funds it previously managed at arm's length.
Citigroup Inc.'s board plans an emergency meeting on Sunday, and Chief Executive Charles Prince is expected to offer to resign, according to the Wall Street Journal.
Citigroup Inc.'s board members are expected to gather for an emergency meeting this weekend, according to the Wall Street Journal, which cited two people familiar with the matter.
Citigroup Inc.'s report of a 57 percent drop in third-quarter profit didn't surprise anyone. What did sound some alarms was the biggest U.S. bank's somber take on current conditions — suggesting that a hoped-for industry rebound may not come so easily.
Report: U.S. May Push Bailed-Out Firms to Rework Pay. Monday, July 27, 2009NEW YORK--A U.S. Treasury official overseeing compensation at firms that got big federal bailouts may renegotiate pay packages that he thinks are too generous, the Wall Street Journal reported on its Web site on Sunday.
Political Interference Seen in Bank Bailout DecisionsI realize this may be a bit long....but the smell of our elected leaders is too strong to let it go......once again they use our tax dollars (those who actually pay taxes) as their own personal piggy bank yo give their friends sweet deals.....
Saudis Plan $900 Billion Wealth FundThis is a huge global financial happening. A 900,000,000,000 global fund can move investments in many directions. I am usually a free market person, but this upsets me....and I am not so sure why. More to follow replytoj001
Members of Congress take-on credit card firms; Critics say some companies boost rates even when customers pay on timeI hope congress does appply some heat to these companies. Americans need to be responsible in their purchasing and budgeting, but the credit card companies need to be as responsible in their business practices.
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