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Citigroup News

News on Citigroup continually updated from thousands of sources around the net.

6 hrs ago | Charlotte.com

Obama plan could trim back financial powerhouses

In this April 17, 2009 file photo, a sign at the Citigroup Center is seen in New York.

Comment?

Related Topix: Banking, Financial Services, Investment Banking, Goldman Sachs Group, Investment Services, Wilton, CT, Insurance, American International Group

21 hrs ago | Bloomberg

Indonesia May Raise Interest Rates in 2010 After One Final Cut This Year

Indonesia may cut interest rates once more to stoke growth before faster inflation next year prompts policy makers to raise borrowing costs, economists said.

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Related Topix: Banking, Financial Services, World News, Indonesia,

Sat Jul 04, 2009

People's Daily Online

Wall Street likely "boring" in 2nd half of 2009

Although Wall Street rebounded strongly and posted a three-month rally from March to May after raching 12-year lows March 9, analysts expect the U.S. equity market to be boring in the second half of 2009.

Comment?

Related Topix: Financial Markets, Ben Bernanke, Banking, Bank of America, Financial Services, Housing

Fri Jul 03, 2009

Canada.com

Bank rescues unravel

German Chancellor Angela Merkel, French President Nicolas Sarkozy and British PM Gordon Brown meet to discuss the financial crisis on Saturday.

Comment?

Related Topix: Europe, World News, Germany, Angela Merkel, Banking, Financial Services, Home, Mortgage

Thu Jul 02, 2009

Business Leader

Dow Jones to Change its Industrial Average Composition

Two stocks in the Dow Jones Industrial Average will be replaced, Dow Jones & Company announced.

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Related Topix: Dow Jones , Publishing, Media, Financial Markets, Banking, Financial Services, Telecom, Computers, Cisco Systems, Startups, New York

Bloomberg Business News

Lear to File for Bankruptcy in Accord Giving Auto-Parts Maker $500 Million

Lear Corp. , the worlda s second- largest maker of automotive seats, plans to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders.

Comment?

Related Topix: Economics News, Bankruptcy, Manufacturing, Automakers, Textiles, Lear Corporation, Southfield, MI, Banking, JP Morgan Chase , Financial Services, GMC GM, GMC

The Globe and Mail

Lear prepping for bankruptcy

DAN STRUMPF NEW YORK - ap with a file from Greg Keenan A utomotive parts supplier Lear Corp.

Comment?

Related Topix: Manufacturing, Automakers, Textiles, Lear Corporation, Economics News, Bankruptcy, Banking, JP Morgan Chase , Financial Services, GMC GM, GMC

Wed Jul 01, 2009

Shanghai Daily

Nomura Trust banks on success

NOMURA Trust and Banking Co is acquiring NikkoCiti Trust and Banking Corp from Citigroup Inc for 19 billion yen as the American financial group scales back its Japan business.

Comment?

Related Topix: Financial Services, Banking

New York Business.com

J.P. Morgan, Citi in jumbo-mortgage push

The city's biggest banks are returning-slowly-to the bulge-bracket mortgage market.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, JP Morgan Chase , Financial Services

Fox News

Citigroup Jacks Up Interest Rates

Citigroup Inc has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.

Comment?

Related Topix: Financial Services, Banking, Business News

Rock Hill Herald

US stocks look to start 3Q on high note

U.S. stock futures are pointing to a higher opening Wednesday as investors await data on the manufacturing and housing industries.

Comment?

Related Topix: Financial Markets, Financial Services, Banking

International Herald Tribune

Justices Rule That States Can Press Bank Cases

The Supreme Court paved the way on Monday for states to enforce fair-lending laws and other consumer protection measures against the nation's biggest banks, striking down a rule that limited such powers to federal banking regulators, The New York Times's John Schwartz reported.

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Related Topix: US News, Publishing, New York Times, Banking, JP Morgan Chase , Financial Services, Home, Mortgage, Second Circuit Court of Appeals

Tue Jun 30, 2009

MarketWatch

Nomura unit poised to buy NikkoCiti Trust: report

Citigroup Inc. is in the final stage of talks to sell its NikkoCiti Trust & Banking Corp.

Comment?

Related Topix: Financial Services, Nomura Holding, Investment Services, Banking

WNED.org

SEC may tighten executive pay rules: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Banking, Financial Services

Chicago Tribune

AIG shareholders' meeting is relatively calm affair as CEO Liddy outlines repayment plans

American International Group Inc. 's annual shareholder meeting ended without drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer's near-collapse last fall.

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Related Topix: Insurance, American International Group, Banking, Bank of America, Financial Services, Apparel, Kenneth Cole Productions, Great Neck, NY, Footwear, Business News

Bloomberg

FICO Scores Decline for Consumers as U.S. Lenders Scale Back Credit Lines

When Sharii Rey, a paralegal in Portland, Oregon, had her credit limit reduced by JPMorgan Chase & Co.

Comment?

Related Topix: Banking, JP Morgan Chase , US Politics, Luis Gutierrez, US News, US House of Representatives, Democrat, Illinois, Financial Services, Home, Mortgage

Mon Jun 29, 2009

Banker & Tradesman

Big Banks On Tighter Leash After High...

The Supreme Court decision to let states enforce their consumer protection laws against federally chartered banks will give regulators greater power to police lending abuses in an industry already under intense pressure to reform.

Comment?

Related Topix: US News, Home, Mortgage, Duke University, Banking, Financial Services

Daily Business Review

SL Green chief forecasts recovery for Manhattan office market

Chief Executive Officer Marc Holliday said. 'A lot of the correction has already occurred,' Holliday said in an interview in his Midtown office.

Comment?

Related Topix: Real Estate, Sl Green Realty Corporation, Manhattan, NY, New York, NY, Startups, SL Corp, REIT, Personal Finance, Banking, Financial Services

San Diego Daily Transcript

George Chamberlin's Money in the Morning

Hard to believe, but only a couple of days are left in the first half of 2009. Compared to the turmoil of 2008, it hasn't been a really bad time for investors.

Comment?

Related Topix: Banking, Financial Services, Sempra Energy, Energy

Sun Jun 28, 2009

Bloomberg.com - Asia

Hong Kong Banks `Killing Themselves' Cutting Mortgage Rates to Record Low

Hong Kong high school teacher Chris Poona s dream of buying his first apartment was dashed in December when banks refused to fund more than 50 percent of the HK$3.5 million purchase.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services

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