The Treasury Department said on Thursday it so far has taken in gross proceeds of $10.5 billion from the sale of 2.6 billion Citigroup shares under a written trading plan.
Yahoo Inc approved a plan to repurchase up to $3 billion of its common stock over the next three years, the company said on Wednesday.
The U.S. Treasury Department lacks the manpower to properly monitor how big companies that got billions of taxpayers' money use it, a critical report on Tuesday from an oversight agency said.
Turns out the rich may not be so different from you and me: They, too, are falling behind on their mortgages.
American International Group's failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation.
Citigroup Inc is looking to raise more than $3 billion for private equity and hedge funds this year, a person familiar with the matter said.
Citigroup Inc is looking to raise more than $3 billion for its private equity and hedge fund units this year, Bloomberg said, citing people with direct knowledge of the plan.
After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact.
After heavy criticism of its handling of the financial crisis, the Federal Reserve on Wednesday appeared likely to escape the most aggressive congressional scrutiny of its interest rate deliberations.
The European Union, the IMF and the U.S. Treasury are drawing up a liquidity plan for Spain which includes a credit line of up to 250 billion euros ($335 billion), newspaper El Economista reported on Wednesday, citing sources which it said were close to the issuing entity.
The European Union, the IMF and the U.S. Treasury are drawing up a liquidity plan for Spain which includes a credit line of up to 250 billion euros ($335 billion), newspaper El Economista reported on Wednesday, citing sources which it said were close to the issuing entity.
Fewer Americans fell behind on their credit card bills in May, signaling that consumers are closer to getting their debt levels under control even if the economy remains sluggish.
Morgan Stanley and JPMorgan Chase & Co are likely to be the lead underwriters in General Motors' initial public offering, a source said on Friday, a role more attractive for its prestige than its fees.
Stocks mostly fell on Friday, tracking an unexpected decline in retail sales that raised concerns about the health of consumers, a key component of the economic recovery.
Stocks mostly fell on Friday, tracking an unexpected decline in retail sales that raised concerns about the health of consumers, a key component of the economic recovery.
Morgan Stanley and JPMorgan Chase & Co are likely to be the lead underwriters in General Motors' initial public offering, The Wall Street Journal reported on Friday, a role more attractive for its prestige than its fees.
Morgan Stanley and JPMorgan are the top candidates for the lead underwriting roles in the General Motors initial public offering, The Wall Street Journal reported, citing people familiar with the matter.
One of the best ways to get inside the head of British private equity boss Guy Hands is to study what gift he gives for Christmas. For years, Hands has sent friends and business associates a book he has recently read along with a letter discussing the work. The gift is designed to be both thoughtful and thought provoking.
Citigroup has caught the eye of hedge fund manager William Ackman because he expects the financial services company to soon be able to return billions to its shareholders and to enjoy big tax benefits.
Citigroup Inc's CitiFinancial unit will shut 330 of its U.S. branches and cut between 500 and 600 jobs, in an effort to cut costs at the business and make it more attractive to potential buyers.
The U.S. Treasury and General Motors Co may select a lead underwriter for an initial public offering for the automaker as early as next week, Bloomberg News reported on Saturday.
Prudential Plc halted trading in its Hong Kong listed shares on Friday as the British insurer sought to cut the $35.5 billion price tag it originally negotiated for AIG Inc's main Asian assets.
