The Treasury Department said on Tuesday it voted the 7.7 billion shares it owns in Citigroup Inc at the bank's annual meeting, including for a proposal to have a reverse share split.
Asian stocks rebounded on Tuesday, a day after suffering their biggest percentage fall in 10 weeks, as Citigroup's best results since 2007 raised investor optimism about corporate earnings and risk aversion receded.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank's credit losses and increased prices on even its worst assets.
The four biggest brokerage companies dominate the U.S. wealth management space, but independent and regional firms are catching up as they gained clients and assets after the 2008 downturn.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.
Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.
President Barack Obama will push for his plan to tighten Wall Street regulations in New York on Thursday, the White House said on Monday, as he attempts to overcome solid Republican opposition.
Citigroup Inc posted a $4.43 billion first-quarter profit as losses from bad loans declined.
Stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Goldman Sachs Inc may have to cough up a big fine to settle the civil lawsuit brought by U.S. regulators and the issue poses the biggest threat to the reputation of the influential bank, analysts said.
Credit card delinquency rates fell last month at most major U.S. lenders, with the exception of Citigroup Inc, in the latest sign that Americans are starting to climb out of the recession.
U.S. stock index futures pointed to a flat open on Monday as euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece, easing sovereign debt concerns.
Charles Prince and Robert Rubin, who led Citigroup in the run-up to the 2008 banking crisis, voiced regrets on Thursday, but accepted no responsibility for the mega-bank's massive losses.
Charles Prince and Robert Rubin, often blamed for huge losses at Citigroup during the 2008 banking crisis, voiced regrets on Thursday but did not take responsibility for Citi's woes or its $45-billion taxpayer bailout.
Former Citigroup Inc Chief Executive Charles Prince apologized on Thursday for Citi's failure to better prepare for the financial crisis, at the same time as he defended the third-largest U.S. bank's size and conglomerate nature.
Charles Prince and Robert Rubin, often blamed for bringing down Citigroup , expressed deep regrets for Wall Street's meltdown in 2008 but did not take responsibility for the firm's massive losses and the eventual taxpayer bailout at a hearing on Thursday.
U.S. securities regulator may formulate a plan to improve oversight of high-frequency trading by keeping track of executed transactions, the Wall Street Journal said, citing people familiar with the matter.
Charles Chuck Prince and Robert Rubin are often blamed for hobbling Citigroup Inc , but the former CEO and senior adviser are expected to defend themselves vigorously at a public hearing this week.
Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country's debt crisis rages, the Telegraph newspaper reported on its website.
Citigroup Inc's spinoff of its life insurance unit, Primerica Inc saw its shares gain more than a third in its debut on optimism that the life insurer will benefit from a rebounding economy.