Stocks and Finance

Citigroup

Citigroup 10/2/2011

06:01 : Citigroup (C) joins Bank of America (BAC), notifying its banking customers - Citigroup (C) joins Bank of America (BAC), notifying its banking customers they will be subject to fees unless they maintain sharply higher balances. The big banks are "playing with their futures," says a banking ...
Source : seekingalpha-com

Citigroup 10/1/2011

12:40 : Citigroup faces regulatory scrutiny in Japan: source - Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major punishment in Japan in 7 years, a source with knowledge of the matter ...
Source : ibtimes-com

Citigroup 9/22/2011

06:32 : Stocks swoon at BofA, Wells Fargo, Citigroup - (By Rick Rothacker, rrothacker@charlotteobserver.com) Bank of America and Wells Fargo stock prices slumped on Wednesday after Moody's Investors Service downgraded their bonds.The agency said it lowered its ratings ...

Citigroup 9/21/2011

12:38 : Moody's cuts Citigroup to P-2, affirms P-1 - CHICAGO (MarketWatch) -- Moody's Investor Service said Wednesday that it has downgraded its short-term rating on Citigroup to Prime-2 from Prime-1. Moody's cited "a decrease in the probability that the U.S. government would support the ...
Source : marketwatch-com

Citigroup 9/20/2011

17:23 : Financial Stocks: Financials surrender gains; Citigroup off 2.8% - Citigroup sank nearly 3% and financials surrendered earlier gains on Tuesday due to concerns that Greece’s talks with the troika will be dragged out, disrupting the country’s bailout program.
Source : marketwatch-com
16:16 : Citigroup: Financial Loser - NEW YORK (TheStreet) -- Citigroup was the loser on a mixed day for financial names, with shares declining 3% to close at $26.93. #xD; #xD; Citigroup on Tuesday announced a commitment to originate $24 billion in small business ...
Source : thestreet-com

Citigroup 9/16/2011

10:28 : Citigroup sets fees for checking, savings accounts - Citigroup Inc said it will charge fees for deposit and checking accounts that are small or inactive, joining a growing list of U.S. banks altering their consumer banking operations as the industry adapts to new regulations.
Source : ibtimes-com
08:37 : Citigroup Liquidation, UBS Trader Miracle: Quick Links - BOSTON (TheStreet) -- Here's your quick fix of company, market, economic and investing news for Friday, Sept. 16, including a report that President Barack Obama pushed for the liquidation of Citigroup in 2009.#xD; #xD; ...
Source : thestreet-com

Citigroup 9/15/2011

10:58 : SEC seeking settlement from Citigroup - WSJ - The Securities and Exchange Commission is pushing for a settlement of more than $200 million with Citigroup in a case related to mortgage-backed securities, according to The Wall Street Journal.
Source : msnbc-msn-com
05:40 : The SEC is in advanced talks with Citigroup (C) to settle allegations ... - The SEC is in advanced talks with Citigroup (C) to settle allegations (read: $200M fine) that the bank held short positions against a $1B mortgage-bond CDO it sold in 2007, and is negotiating a ...
Source : seekingalpha-com

Citigroup 9/7/2011

11:13 : VeriSign's (VRSN) cancellation of an appearance at a Citigroup tech confer - VeriSign's (VRSN) cancellation of an appearance at a Citigroup tech conference yesterday and another cancellation next week probably have more to do with its CEO search, but they're sparking another day of takeover rumors, buttressed ...
Source : seekingalpha-com

Citigroup 9/2/2011

17:18 : B of A, Citigroup, others sued by Federal Housing Finance Agency - The Federal Housing Finance Agency is suing a total of 17 banks "over soured mortgage bonds," according to the Wall Street Journal on Friday. Some of those being sued include Bank of America Corp.; Citigroup ...
Source : bizjournals-com

Citigroup 8/30/2011

15:29 : Stock Issues Will Persist: Citigroup CIO - #xD; #xD; #xD; By Catherine Boyle, Staff Writer, CNBC.com#xD; #xD; NEW YORK (CNBC) -- Slashing costs and trimming staff has not solved the problems of developed world companies, and this is why earnings are likely to fall, Richard Cookson, chief investment ...
Source : thestreet-com
14:27 : Citigroup cuts its August same-store sales estimates for four department ... - Citigroup cuts its August same-store sales estimates for four department stores - JCPenney (JCP -1.3%), Kohl's (KSS -2.1%), Macy's (M +1%) and Saks (SKS +0.3%) - because of effects from Hurricane Irene. Some retailers may rethink ...
Source : seekingalpha-com

Citigroup 8/25/2011

07:27 : Citigroup Downgrades Global GDP Growth for 2011 & 2012 - Markets have turned choppy ahead of Friday's Jackson Hole summit as the S&P 500, crude oil, gold and US Dollar prices deviate from familiar risk on/off dynamics.
Source : 247wallst-com
04:45 : Citigroup cuts 2011, 2012 global growth view - (Reuters) - Citigroup cuts its global growth forecasts for this year and next, with sharp reductions for the United States, euro zone and United Kingdom, as well as modest cuts for China ...
Source : reuters-com

Citigroup 8/24/2011

11:04 : Nomura's Glenn Schorr sees four reasons why Citigroup (C) is a better ... - Nomura's Glenn Schorr sees four reasons why Citigroup (C) is a better investment than beleaguered Bank of America (BAC): Citi is better-capitalized; has less mortgage-related risk; has greater emerging-markets exposure; ...
Source : seekingalpha-com

Citigroup 8/17/2011

12:05 : Paulson Cuts Stake in Bank of America, Citigroup, and JP Morgan - (NEW YORK) Imagine that every car had a global positioning device and that before every trip, drivers were required to let the traffic authorities know where they were going. And suppose the government released all that data to the public so anyone could ...
Source : moneymorning-com

Citigroup 8/12/2011

01:01 : Macau casino stocks look strong: Citigroup - HONG KONG (MarketWatch) -- Macau casinos could see a further surge in gambling revenue in August, according to Citigroup, which said the gambling hub continues to look like a good bet for investors. Citi said it remains upbeat on the ...
Source : marketwatch-com

Citigroup 8/11/2011

08:09 : Citigroup (C) aims to expand banking operations on China's mainland with ... - Citigroup (C) aims to expand banking operations on China's mainland with a plan to open 15-20 new branches through its China-based subsidiary. Citi also looks to introduce mutual fund services there as financial firms keep a closer eye ...
Source : seekingalpha-com

Citigroup 8/9/2011

09:50 : Citigroup shares surge 12% as banks rally - SAN FRANCISCO (MarketWatch) -- Citigroup Inc. shares surged 12% to $31.46 in early trade Tuesday, landing it among the top gainers in the S&P 500 Index as the stock rebounded sharply from a 16% decline in the previous session. ...
Source : marketwatch-com

Citigroup 8/8/2011

16:28 : Citigroup Shares Fall to Half Book Value - NEW YORK (TheStreet) -- Shares of Citigroup plunged 16% on Monday as investors reacting to the U.S. debt downgrade dumped financials.#xD; #xD; The stock's nose-dive was next only to that of Bank of America, which ...
Source : thestreet-com

Citigroup 8/5/2011

07:42 : California AG Kamala Harris reportedly subpoenas Citigroup ([[C]] -1.2%), - California AG Kamala Harris reportedly subpoenas Citigroup (C -1.2%), seeking information about how it sold mortgage-backed securities in the state. The move comes after Harris announced in May the creation of ...
Source : seekingalpha-com

Citigroup 8/3/2011

02:30 : Citigroup (C) receives first-round bids of $3B-$4B from over 10 groups ... - Citigroup (C) receives first-round bids of $3B-$4B from over 10 groups for EMI, including from Sony (SNE), Universal (VIVDY.PK), Warner Music (WMG) and BMG. The price will depend on whether ...
Source : seekingalpha-com

Citigroup 7/31/2011

19:52 : State of U.S. debt talks favor AUD, NOK: Citigroup analyst - July 31 - Currency markets may have a short term reaction to U.S. debt talks, but there is underlying weakness in the U.S. dollar that will last for the long term, says Citigroup FX strategist Steven Englander
Source : reuters-com

Citigroup 7/29/2011

09:50 : Citigroup Calls Debt Crisis 'Insanity' - NEW YORK (TheStreet) -- A U.S. debt default triggered by a failure to raise the Federal debt ceiling would be an act of "collective insanity", Citigroup economists said in a report Thursday.#xD; #xD; Descriptions of a default as a calamity, ...
Source : thestreet-com

Citigroup 7/28/2011

18:39 : Goldman Sachs (GS) and Citigroup (C) pull a $1.48B commercial mortgage-bac - Goldman Sachs (GS) and Citigroup (C) pull a $1.48B commercial mortgage-backed security from the market after an 11th-hour internal review by Standard & Poor's (MHP). "This is a debacle of epic proportions," an asset ...
Source : seekingalpha-com

Citigroup 7/17/2011

06:59 : Citigroup Profit, Expenses Rise - The bank said earnings rose 24% in the second quarter, aided by strong growth overseas and falling loan losses, but said rising expenses would remain elevated.
Source : wsj-com

Citigroup 7/16/2011

22:51 : Citigroup 2Q Profit Up 24% As Loan-Loss Provisions Fall - Citigroup Inc.'s (C) second-quarter profit jumped 24% as provisions for loan losses declined sharply from a year ago. But absent that boost, the bank...

Citigroup 7/15/2011

10:35 : Citigroup posts 6th quarterly profit in 2Q - NEW YORK (AP) -- Citigroup Inc. turned a profit for the sixth straight quarter as losses from failed loans declined and lending increased in Asia and Latin America....
Source : usnews-com
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