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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 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
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon. ...more
December 3, 2009
Black Friday kicked off holiday shopping with a bang across the Bay area as retailers bent over backward to help shoppers navigate deals (even while they stood in line) and small stores emulated the big boys by opening even earlier. ...more
November 28, 2009
Two plans to attack the credit crisis are careening into each other. The Obama administration is trying to reignite lending by enticing private lenders to buy the toxic assets that have been stuck on the balance sheets of banks. ...more
March 28, 2009
President Barack Obama claimed early progress Tuesday night in his aggressive campaign to lead the nation out of economic chaos and declared that despite obstacles ahead, "we're moving in the right direction." At the second prime-time news conference of his presidency, Obama also toned down his criticism of bonuses to executives at bailed-out AIG, and shot back at Republican critics of his budget. ...more
March 24, 2009
The number of new housing projects that builders broke ground on in February rose sharply, defying economists' forecasts for yet another drop in activity. ...more
March 17, 2009
Wall Street has had its best day of 2009, storming higher on good news from Citigroup. ...more
March 10, 2009
With bankers under fire, the chief executive of the Florida Bankers Association came out swinging Monday against regulators who he said are tying bankers' hands. ...more
March 6, 2009
Suncoast Schools Federal Credit Union, Florida's largest, and GTE Federal Credit Union plan to merge, the two Tampa-based companies announced Tuesday. ...more
March 4, 2009
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