Citigroup News

Citigroup Inc. has agreed to sell the St. Regis Monarch Beach in Dana Point, which earned brief notoriety last year when insurer American International Group chose the resort as the site of a luxury retreat after accepting a huge government bailout.

Citigroup Inc. Chief Executive Vikram Pandit said Wednesday the bank is committed to staying in Boston and vowed to bolster its presence here.

Citigroup Inc. rejected a request from Terra Firma Capital Partners Ltd. to reduce EMI Group Ltd.a s debt by 40 percent in return for a 1 billion-pound cash injection, two people familiar with the talks said.

Meredith Whitney , the analyst who cut her rating on Goldman Sachs Group Inc. last month, said the bank has lost some of its top-performing employees as executives left to start their own investment companies.

The ouster of Alvaro de Molina from the CEO slot at GMAC Financial Services earlier this week by a board reportedly frustrated with the pace of the company's recovery begs the question: Is Citigroup's CEO Vikram Pandit next? With rivals like JPMorgan Chase , Goldman Sachs and large regional banks such as U.S. Bancorp clearly closer to business as ...

The Federal Reservea s shield from congressional audits of interest-rate decisions took a blow from lawmakers who want to open the central banka s books to greater congressional scrutiny.

Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.

Fostera s Group Ltd. , Australiaa s biggest brewer, never borrowed from China until this year, when Bank of China Ltd.

Citigroup Inc. said Thursday it named a former Merrill Lynch executive, Steve Bodurtha, as managing director and head of investments for Citi Private Bank in North America.

Close See a sample reprint in PDF format. Order a reprint of this article now By KYLE STOCK Mortgage restructuring for strapped homeowners has emerged as a rare growth area in the economy as companies in the field keep hiring.

Michael Carpenter , named Nov. 16 as the new head of GMAC Inc., is no stranger to executive suites, distressed financial firms or the ailing auto and home lender.

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

Paulson & Co., the hedge fund firm run by billionaire John Paulson , told investors Bank of America Corp.

Smith International Inc. /quotes/comstock/13*!sii /quotes/nls/sii shares rose 2% to $27.38 in pre-market trades on Wednesday.

The compensation changes are the latest in a series of shifts by Wall Street as banks try to figure out how to get senior staff to perform well.

The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange: NYSE: Beazer Homes USA Inc., down 35 cents at $5.14 Federal regulators have notified the homebuilder that its top executive could face civil charges over incentive compensation.

The dismantling of Wall Street is again making itself felt in a metro Atlanta. After having Duluth-based Primerica under its umbrella for two decades, New York financial giant Citigroup plans to sell stock in and eventually shed the seller of insurance and investment products.

Bain Capital today announced the signing of a definitive agreement to acquire Citigroup Inc.'s controlling stake in Japan's leading call center operator, BELLSYSYTEM24, in a tender offer valuing the company at approximately 100 billion yen .

Citigroup Inc recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI LNDONE.UL, the Wall Street Journal said on Monday.

Two recent legal victories by securities firms involving the sale of auction rate securities suggest that institutional investors could find it tough to prevail in similar battles.