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Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign that investors are still nervous about the banking giant's ability to regain its financial health. ...more
December 18, 2009
Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more in tax breaks. ...more
December 17, 2009
Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. ...more
December 15, 2009
Citigroup Inc. and Bank of America Corp. will need to raise more capital based on preliminary results of their government-run "stress tests" - unless they succeed in appealing the findings, according to two people familiar with the matter. ...more
April 29, 2009
Top executives of the nation's biggest banks said Friday after meeting with President Barack Obama that they will work with the administration on its economic recovery plans, but want more specifics from the White House. ...more
March 27, 2009
Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank. ...more
March 20, 2009
Wall Street has had its best day of 2009, storming higher on good news from Citigroup. ...more
March 10, 2009
Investors fled Wall Street again Thursday, driven by worries about the stability of the nation's big banks and General Motors Corp. ...more
March 6, 2009
Allegiant Adds Mississippi Flight Allegiant Air will begin round-trip service on April 1 between St. Petersburg-Clearwater International Airport and Gulfport/Biloxi International Airport in Mississippi. The airline's flights, which will use 150-seat MD-83 aircraft, will be included in travel packages with the Beau Rivage Resort & Casino. ...more
March 4, 2009
The U.S. government will exchange up to $25 billion in emergency bailout money that it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises. ...more
February 28, 2009
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