CITIGROUP

The U.S. Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.

Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.

U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.

U.S. federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, The Wall Street Journal said, citing people familiar with the matter.

A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.

Federal Reserve officials have agreed to sell some of the central bank's $1.1 trillion portfolio of mortgage-backed securities, but many are undecided on how soon or how aggressively to do so, the Wall Street Journal said, citing several people familiar with the matter.

U.S. stock futures pointed to a stronger start for Wall Street on Friday, with equities set to rebound after falling sharply in the previous session.

American International Group has replaced Goldman Sachs as its main corporate adviser with Citigroup and Bank of America Corp , the New York Times said, citing three people with knowledge of the matter.

Citigroup is investigating a rumor that one of its traders entered a trade that helped precipitate a drop of almost 1,000 points in the Dow Jones Industrial Average, a spokesman for the bank said on Thursday.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

French bank Societe Generale pegged its exposure to Greek sovereign debt at 3 billion euros ($4 billion) for the first time on Wednesday after weeks of market fears over the debt-stricken country.

Jeweler Zale Corp has entered into exclusive talks with Citibank to renew their private-label credit-card arrangement after it expires next year, and has won an extra month from Citibank to pay a penalty for low sales made on the cards.

Goldman Sachs & Co, Citigroup Inc and other high-profile banks must defend against allegations by 15 California cities and counties that they conspired to rig bids for municipal investment contracts and derivatives, a U.S. judge ruled.

A rise in the yuan would make Chinese exports less competitive and cut the cost of imports, providing incentives for capital and labour to be redeployed towards the domestic sectors of the economy.

Car parts maker Continental AG believes it can increase sales by as much as 10 percent this year and perhaps be profitable on the bottom line, as it posted a better-than-expected swing to profit in the first quarter.

Deutsche Bank delivered record investment bank earnings and European peers Lloyds and Swedbank swung to surprise profits on Tuesday as an economic recovery picked up to aid the embattled industry.

Citigroup Inc Chief Executive Vikram Pandit is pinning his hopes for an economic recovery on the developing markets where his company already has a firm foothold.

U.S. stocks edged lower on Monday as bank shares fell on fears that financial reform making its way through Congress will curb profits, while Caterpillar's strong results buoyed the Dow.

The U.S. Treasury on Monday plans to start selling off its 27 percent stake in Citigroup , the latest step in the Obama administration's effort to end unpopular bailout programs.