Topic: Citigroup Inc.

Top galleries, list articles, quizzes

European debt crisis: Seven basics you need to know

Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.

All Content

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.
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.
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.'
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
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.
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.
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.
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.
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.
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.
Horizons
Stolen identity: Soldier allegedly targets Microsoft co-founder

Stolen identity case revolves around Brandon Price, a resident of Pittsburgh, who allegedly attempted to steal the identity of Microsoft co-founder Paul Allen. Why us Allen's stolen identity? 
Stocks mostly lower; Dow up 16

The Dow rose 16 points to close at 13194 in the day after the stock market's biggest gain of the year.
Robert Reich
The GOP is confused about public morality

The real threat to American morality is what's happening in corporate board rooms, not people's private lives.
Dow jumps 218 on market's biggest 2012 day

Bank stocks led the market to its biggest single day gain of 2012. The Dow rose 218 points to close at 13177, its highest close since 2007.
Mortgage deal: Banks impeded probe, HUD says

Mortgage deal has forced banks to pay $25 billion, mostly to current and former homeowners. But in the run-up to the mortgage deal, banks delayed handing over foreclosure documents and prevented federal investigators from interviewing employees, the Department of Housing and Urban Development says.
Stocks mixed; Dow erases last week's huge loss

The Dow rose 37 points to close at 12959 Monday, erasing a nerve-wracking 204-point loss it suffered a week ago.
Eric Holder: Corporate fraud criminal cases coming soon

Eric Holder, the US attorney general, says his federal department continues to pursue individuals involved in corporate fraud. Eric Holder told states attorneys general fines alone aren't working.
Putin election victory doesn't pave an easy path through his third presidential term

Beyond mass protests in Moscow against what observers have confirmed as a fraudulent presidential election, several key demographic and economic factors mean that Russians will continue to contest the legitimacy of Putin's presidency during his third term.
The Daily Reckoning
How youth unemployment is keeping Greece from default

The consequences of Europe's economic downturn are being acutely felt by young adults in terms of high unemployment and crippling debt.
Chapter & Verse
Robert Harris's "The Fear Index" makes a thriller out of a man sitting at a computer

Robert Harris, the author of 'The Ghost,' discusses his new financial page-turner "The Fear Index" and his predilection for writing about ancient Rome.
Stocks rally as Greek debt talks show signs of life

After losing for most of the day, the Dow rallied to close up four points at 12878 on late reports that suggested the unraveling Greek debt talks might be saved after all.
Mortgage relief plan: Can it spark housing rebound?

Mortgage relief aimed at trying to boost lagging housing sector. Most of the $25 billion mortgage relief will go to homeowners struggling to pay their mortgages.
Will $26 billion settlement from big banks repair US housing market? (+video)

In the short term, the deal between 49 states and five big banks may actually boost foreclosures, some say. In the longer term, it should clear the inventory of homes that depresses prices and help the middle class.
Mortgage deal could help 2 million Americans

Proposed $25 billion settlement with major mortgage lenders would be biggest in 14 years. Much of the money would go to struggling homeowners and former homeowners hit by improper foreclosures.
Foreclosure deal close in several key states

Foreclosure deal adopted in more than 40 US states would force mortgage lenders to reduce loans for about 1 million households. Two key states, New York and California, are close to adopting the foreclosure deal.