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Citigroup Incorporated

A collection of news and information related to Citigroup Incorporated published by this site and its partners.

Top Citigroup Incorporated Articles

Displaying items 23-33
  • Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates

    Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates
    Banks are paying enormous amounts to settle cases stemming from bad mortgages, but investors in Wall Street's heavy hitters are looking at different numbers — and they like what they see. An index of bank stocks climbed 1.3% on Tuesday after...
  • Exclusive: U.N. monitors allege 'conspiracy' to divert Somali assets

    VIENNA/NAIROBI (Reuters) - A United Nations panel that monitors compliance with U.N. sanctions on Somalia has accused the country's president, a former minister, and a U.S. law firm of conspiring to divert Somali assets recovered abroad, according to a...
  • Updated: 21st Century Fox Confirms It Bid for Time Warner, Says There Are Currently No Talks Under Way

    Rupert Murdoch's 21st Century Fox confirmed a report that it made an offer to acquire Time Warner, but the media company said the offer was rejected and that there are no talks in progress. "21st Century Fox can confirm that we made a formal proposal...
  • Hedge fund manager Cooperman says market gains will slow

    NEW YORK (Reuters) - Hedge fund manager Leon Cooperman, who has forecast that the Standard & Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now. "The markets finally...
  • Has telecommuting blunted power of potential New York rail strike?

    NEW YORK (Reuters) - For decades, it's been the mightiest weapon in the transit union's arsenal, enough to cripple commerce and bring governments to their knees. But has the age of telecommuting taken the edge off the transit strike? "Technology has...
  • Legal costs sapped 2nd-quarter profit at Bank of America

    CHARLOTTE, N.C. Bank of America returned to profit in the second quarter, but earnings were down 43 percent from a year ago as legal costs continued to be a drag on earnings. Legal expenses, which have dogged the Charlotte bank since the financial...
  • Litigation costs hit Bank of America's quarterly profit

    Litigation costs hit Bank of America's quarterly profit
    (Reuters) - Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis. The expenses...
  • Nominate Lehigh Valley's Top Workplaces

    Nominate Lehigh Valley's Top Workplaces
    For the third year in a row, the Lehigh Valley's Top Workplaces will be identified via a survey conducted by The Morning Call and Philadelphia-area research company Workplace Dynamics ... Owners of Beck's Land & Sea House open a Bethlehem Township...
  • Citi to pay $7 billion to settle mortgage securities probe

    Citi to pay $7 billion to settle mortgage securities probe
    Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
  • Profiting from the urge to merge

    CHICAGO (Reuters) - Credit the booming stock market as a partial catalyst for a surge in mergers and acquisitions, which are up almost 73 percent from the same period a year ago. In the first six months of this year alone, companies have announced...
  • After Citigroup settlement, attention turns to Bank of America

    CHARLOTTE, N.C. Now that Citigroup has announced a $7 billion settlement with the government over mortgage bonds, attention shifts to a proposed resolution with Bank of America to end similar investigations. U.S. Attorney General Eric H. Holder Jr. has...