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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
Florida's Office of Financial Regulation has reached a $4.8 million settlement with Banc of America Securities LLC and Banc of America Investment Services. ...more
July 31, 2009
Chrysler LLC's largest banks reached a tentative agreement with the U.S. government to exchange $6.9 billion in secured debt for $2 billion cash, say three people with knowledge of the negotiations. ...more
April 29, 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
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
Oh yes, the temptations are here again. So far in life I have only been penalized a small bit by the temptation of getting into trying to make money with money, much like our government is doing by printing money and giving it to the banks. ...more
March 19, 2009
Seattle Paper Goes Online Hearst Corp. announced Monday that the Seattle Post-Intelligencer will print its last newspaper edition today and become exclusively Web-based as www.seattlepi.com, making it the nation's largest daily newspaper to move to online only. ...more
March 17, 2009
A stunning about-face in bank shares handed the stock market its best week since November. ...more
March 14, 2009
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