Citibank uncovers $100 mln banking fraud in India
Citibank has unearthed a banking fraud allegedly engineered by its relationship manager Shiv Raj Puri that could run up to $100 million at its Gurgaon branch in the north Indian state of Haryana.
Patchy hiring to follow frenzy at European banks
Bankers specialising in equities and emerging markets will bask in a hiring hot-spot next year, while anaemic business spells job cuts in most other investment banking areas in Europe.
Fairholme portfolio scores big on AIG stake
Bruce Berkowit, president of Fairholme Capital Management has a huge stake in bailed-out insurance company American International Group (NYSE: AIG) which has just about doubled in price year-to-date (from just under $30 per share to just under $60).
Pandit says Citi is ready for regulatory changes
Citigroup Inc is on track to exceed expected regulatory requirements and shrink its worst assets to less than 20 percent of its balance sheet, Chief Executive Vikram Pandit told employees in an end-of-year internal memo on Monday.
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Top after-market NYSE losers (MWA, CFN, LSI, STZ, CNX, CEG)
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Europe faces new wave of bank failures and sovereign defaults: Citigroup economist
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Gold Bullion Flows to China Jump as New Year 2011 Draws Near
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Regulators target bankers' cash compensation: report
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To Repair Its Reputation, Citibank Must Fix Its Culture
More news
Stock index futures signal gains, Adobe eyed
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.36 percent, Dow Jones futures up 0.32 percent and Nasdaq 100 futures up 0.27 percent at 0928 GMT (4:28 a.m. EDT).
Up to 100 U.S. municipalities may default next year: Whitney
Renowned Wall Street analyst Meredith Whitney has warned that the U.S. may witness between 50 to 200 “sizeable defaults” amounting to “hundreds of billions of dollars” among municipal and state governments next year, which could derail the recovery.
Top After-Market NYSE Movers
The top after-market NYSE gainers on Thursday are Office Depot, Accenture, Salesforce.com and American Express. The top after market NYSE most active stocks are Citigroup, Boston Scientific, Sprint Nextel Corporation and Bank of America.
Wall Street futures point to flat open for stocks
U.S. stock index futures pointed to a flat to slightly higher open for Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones industrial average and for the Nasdaq flat to up 0.1 percent by 0913 GMT.
Citi to open Asia-style smart branch in New York
Citigroup Inc will officially open a new, high-tech branch in New York City on Thursday, in an effort to woo more business from wealthy, urban customers.
Top Pre-Market NASDAQ Losers (MOTR, BSDM, ACAS, AIXG, VOD)
The top pre-market NASDAQ stock market losers are: Motricity, BSD Medical, American Capital, Aixtron, Vodafone Group, Logitech International, YRC Worldwide, Broadcom, AutoNavi Holdings, and Baidu.
Yahoo prepares to lay off 600 employees
Internet company Yahoo Inc is preparing to retrench between 600 and 700 employees ahead of a holiday trimming due to its lackluster growth.
BofA looks to sell toxic mortgages worth $1 billion: report
Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, citing sources.
Citi names Orszag global banking vice chairman
Citigroup Inc appointed on Thursday U.S. president Barack Obama's former budget director as a global banking vice chairman.
AIG to repay NY Fed loan; Opens Door For Sale of Treasury Shares
Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.
Top banks plan new forex dealing platform: report
The big global banks involved in currency trading plan a banks-only dealing system, in a move to reclaim lost business, the Wall Street Journal said, citing several people familiar with the situation.
Tax cut-fuelled stock rally peters out in late-session trading
A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.
Spike in rates, insider probe derail rally
Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.
Rising rates, insider probe derail rally
Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.
Citigroup shares rise after bank escapes U.S. fetters
Shares of Citigroup Inc rose 4 percent on Tuesday, a day after the U.S. government sold off its remaining stake in the bailed-out banking giant.
US stocks open higher after tax cut deal
U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
Gold Price Hits New Dollar, Euro and Sterling Records, Silver Very Bullish
The Gold Price held near last night's new record highs for US, Euro and Sterling investors in London trade on Tuesday, recording an AM Gold Fix at $1426 per ounce as world stock markets gained more than 1.5%.
Wall St hits 2-year high after tax cut deal
U.S. stocks climbed to a fresh two-year intraday high on Tuesday as investors bet a deal to extend tax breaks will prompt increased spending and buoy the economy while preserving returns for shareholders.
U.S. exits Citigroup stake and earns $12 billion profit
The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.
U.S. exits Citigroup stake, earns $12 billion profit
The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.
Treasury will try to unload Citigroup shares through IPO
The U.S. Treasury Department said it will attempt to dispose of its remaining common equity stake in Citigroup through an initial public offering (IPO).
U.S. sells remaining Citi stake at $12 billion profit
The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.
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