Topic: Citigroup Inc.
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World's five largest companies
For the first time in nearly a decade, the world’s five largest public companies are all American affair These are the Top 5, as of mid-April 2013.
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Meet the nine richest self-made women
Forbes has released its annual billionaires list, and nestled among the usual suspects were women who have made or helped make their own fortunes, in industries ranging from television to real estate to clothing. These are the nine richest self-made women on Forbes 2013 Billionaires List.
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Five brokers' secrets you should know before trading online
Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying more than $1.8 billion every year on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
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Five ways big banks' Libor scandal affects you
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:
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Baseball fans: Take a quick tour of all 30 major league ballparks
Authors Josh Pahigian and Kevin O’Connell explore America's major league ballparks in "The Ultimate Baseball Road."
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Facebook stock: First earnings report will be crucial
Facebook stock will take center stage once again Thursday, as the social media giant unveils its first earnings report as a public company. Facebook needs a good showing after its rocky IPO two months ago, in which Facebook stock tumbled quickly.
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Haunted by Europe, US market can't get ahead
While The Street was able to ignore Europe's struggles for the past few days, the struggles of Spain on Friday proved too much for the market to bear. As Spain's stock market plunged 6 percent, the Dow Jones dropped 120 points to close at 12,822.
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Morgan Stanley earnings fall sharply
Morgan Stanley misses Wall Street expectations as revenue for its investment banking unit falls 37 percent. Morgan Stanley stock drops.
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Briefing Libor scandal: What is it and why you should care
One bank caught trying to rig an interest rate may be tip of an iceberg. With an estimated $300 trillion in loans or derivative contracts around the world pegged to the interest rate, the scandal is again shaking faith in major international banking centers like Wall Street and London City.
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LIBOR scandal: Will Feds target not just employees, but a whole bank?
If a bank reporting its lending rates has given intentionally inaccurate numbers, that could be a crime, say experts. Prosecutors have been poring over documents related to LIBOR for two years.
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Groupon stock hits lowest level since debut
Groupon stock fell Wednesday to its lowest price since the company went public last November. In June, the deal site's web traffic delined 15 percent from a year earlier, which may have contributed to the drop in Groupon stock.
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Robert Reich Scandal of scandals: Barclays corruption probe digs up new dirt
When it comes to Wall Street, many of us suffer outrage fatigue and cynicism that nothing will ever be done to stop these abuses. The question is whether the unfolding Barclays scandal will provide enough energy to finally force a change.
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The Reformed Broker Down the rabbit hole: The Barclays scandal grows
The scandal at Barclays continues to grow as emails dating back to 2005 attest to a pattern of greed and corrupt business practices. What is not well known is what the final cost could be to the world's financial institutions, and these costs could be enormous.
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Oil prices fall ahead of eurozone meeting
Oil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.
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Weary investors sell stocks as Spain seeks help
Spain formally asked for help to rescue its ailing banks, but its request left many questions unanswered, including just how big a bailout it needs. Unsettled markets contributed to the Dow dropping 138 points to close at 12,502.
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Baseball fans: Take a quick tour of all 30 major league ballparks
Authors Josh Pahigian and Kevin O’Connell explore America's major league ballparks in "The Ultimate Baseball Road."
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Moody's ratings cut for giant banks: a new weight on US economy
Moody's downgrade of the US banking system, following turmoil in Europe's banking sector, is a blow to reputation of banks but is not expected to tip the economy into recession.
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The Entrepreneurial Mind Accidental entrepreneurs a side effect of a weak economy
The number of accidental entrepreneurs, who started businesses after finding themselves unemployed and unable to find work, has doubled over the rate found before the recession began (from 9 percent to 18 percent). And a good chunk of those are struggling to make end's meet.
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Stocks jump nearly 100 points on hopes of Fed action
Optimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
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The Reformed Broker If you live by the sword investors, remember you die by it, too
The impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."
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Typical CEO made $9.6 million last year
The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press. The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one.
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The Monitor's View: What next for JPMorgan Chase and Jamie Dimon after $2 billion loss
The JPMorgan Chase $2 billion loss again shows why big banks pose a big risk – as seen in the admission of mismanagement by Jamie Dimon. The selfless purpose of a financial system in the economy must override the selfish risks of giantness in banks.
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JPMorgan reveals huge $2 billion trading loss
JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
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Forgiving mortgage loans would save taxpayers money, say Fannie Mae papers
Mortgage loans giant Fannie Mae supported principal reductions for some struggling homeowners in 2009
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Wal-Mart shares drop on New York Times bribery allegations
Wal-Mart, the world's largest retailer, was accused by the New York Times of covering up $24 million in bribes in Mexico. Wal-Mart share prices dropped in early trading Monday.
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Robert Reich Citigroup shareholders revolt. Will CEO pay drop?
Citigroup's shareholders have said no to an exorbitant pay package for the bank's CEO, and why shouldn't they? Executive pay across American companies has ballooned to unacceptable levels, without the performance to back it up.
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Stock market mixed: Retail sales up, Barbie sales down
Stock market sees Dow rise, but S&P and Nasdaq indexes fall. Mattel shares fall on lower Barbie sales, but a better-than-expected retail sales report buoys stock market.
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U.S. stocks fall; Dow slips below 13000
U.S. stocks closed sharply lower Monday following disappointing job growth in March. The Dow fell 130 points to 12929, its first close below 13000 in a month.
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US stocks plunge; Dow down 124
US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
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Secret Service probes major credit card breach
Credit card breach at an Atlanta card-processor affects Visa, MasterCard, American Express, and Discover. The number of accounts affected by the security breach is not yet known.
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