CITIGROUP

Citigroup on Tuesday set price guidance on its fixed-rate and floating-rate notes backed by the Federal Deposit Insurance Corp, said IFR, a Thomson Reuters service.

U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.

All of Wall Street's bank analysts were caught out by Lehman's collapse -- and few have redeemed themselves since. Just a handful have dared to issue a buy on bank stocks that have surged since March -- after they all failed to slap that sell on Lehman Brothers before it went bust a year ago.

(Corrects paragraph 4 to read 7.7 billion instead of 7.7 million)

The Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank, Bloomberg reported, citing people familiar with the matter.

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.

Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.

A U.S. judge on Friday dismissed a lawsuit against Citigroup Inc brought by buyers of auction rate securities, a $330 billion market that collapsed in early 2008.

Wall Street was set for a modestly higher open on Friday as investors were optimistic about economic recovery prospects and FedEx said its first-quarter earnings would exceed expectations.

Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.

A prominent analyst on Thursday called for a merger of Comcast Corp and Time Warner Cable , saying such a blockbuster deal would offer a host of benefits for both cable giants.

Daiwa Securities Group said it would pay about $2.2 billion to buy out Sumitomo Mitsui Financial Group from their investment banking joint venture, leaving Daiwa vulnerable amid intensifying competition for deals in Japan.

Kraft Foods Inc, which went public on Monday with a $16.7 billion offer for Cadbury PLC that the British candy maker rejected, is in talks to arrange about $8 billion of financing for the bid, Bloomberg said, citing two people familiar with the matter.

All you have to do to feel the outrage over the continuing flow of bonuses on Wall Street is to take a walk down Main Street.

Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.

Banking is supposed to be boring.That's the quip that lobbyists and congressional aides use, only half-jokingly, to explain what's in store for the banking industry as governments crack down with tighter regulation.

U.S.-based financial services firm Morgan Stanley, wants to exit its back-office operations in India, the Economic Times newspaper reported on Monday.

Permira, CVC Capital and Bain Capital have been shortlisted for the second round of bidding for Bellsystem24, Citigroup's telemarketing company in Japan, sources with direct knowledge of the deal said.

Kraft Foods said it was determined to pursue Britain's Cadbury, which soared in value after it snubbed a $16.7 billion bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.

Daiwa Securities Group could pay around $2 billion to exit an investment banking joint venture with Sumitomo Mitsui Financial Group, sources said, triggering a further shake-up of Japan's banking industry.