citigroup

Citi bailout shows depth of toxic assets

Marketplace  Mon, 11/24/2008 - 15:40

In the federal government's bailout of Citigroup, the bank gets another $20 billion of fresh capital, and taxpayers are on the hook for most of the losses from Citi's toxic assets.

Kai Ryssdal talks with John Carney of Clusterstock.com about the details.


 

Why Citigroup got Detroit's money

Economic news - CNNMoney.com  Mon, 11/24/2008 - 12:24

Poor Detroit. The heads of the Big Three automakers had to subject themselves to two days of Congressional grilling last week while they begged for a $25 billion loan.


 

US strong at open on Citigroup rescue

MSN Money Latest Articles  Mon, 11/24/2008 - 05:15

Markets fall in Asia, but rise in Europe on the news that Citigroup is to receive a government rescue. The US looks strong at the open, as stock index futures are up.

Obama promises an economic stimulus package reportedly worth $500 billion.  


 

Citigroup stocks take dramatic fall

Marketplace  Fri, 11/21/2008 - 12:39

Citigroup stocks were selling at a dizzying pace on reports that the troubled company might be considering a merger.

How did things get so bad for Citigroup so quickly? Ashley Milne-Tyte reports.


 

Are job cuts the way out for Citigroup?

Marketplace  Mon, 11/17/2008 - 13:44

After Citigroup finishes making the 50,000 jobs cuts just announced, the nation's second largest bank will have shrunk by 20% this year.

Jeremy Hobson looks at the company's remaining options.


 

Citigroup to raise card rates, cut jobs

Marketplace  Fri, 11/14/2008 - 11:27

If you've got a Citigroup credit card in your wallet, you might want to check the mail. The company is raising its interest rate and also plans to cut another 10,000 jobs.

Jeremy Hobson has more.


 

Stocks set to drop at open

Economic news - CNNMoney.com  Fri, 11/14/2008 - 05:22

U.S. stock futures fell early Friday as investors caught their breath after the previous session's roaring gains, awaited a key reading on the retail sector and reacted to reports of massive layoffs at Citigroup.


 

Slow growth fears hit stocks; US looks flat at open

MSN Money Latest Articles  Thu, 11/13/2008 - 05:00

Asian markets decline for the fourth day in a row, but European markets are flat in light trading. Germany falls into a recession.

Citigroup board is reportedly seeking a new chairman.


 

Is Citigroup already too big?

MSN Money Latest Articles  Wed, 11/12/2008 - 23:01

In the new eat-or-be-eaten banking world, Citigroup seems determined to be a player. But with the huge debt problems it faces, it should be selling off instead of acquiring.


 

Citigroup Offers to Ease Mortgage Terms

NYT > Your Money  Tue, 11/11/2008 - 00:02

The bank joined a growing list of financial institutions which are offering a program to help thousands meet their monthly payments.