CITIGROUP

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Daiwa to buy out SMFG from banking venture: sources

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.

Bailed-out bankers to get options windfall: study

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As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices rebounded, according to a report released on Wednesday.

Hedge funds bet big on BofA, other banks

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At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards.
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BofA TARP payment splits analysts

Reports that Bank of America Corp (BAC.N) is in talks with the U.S. Treasury to repay $20 billion of its federal bailout was met by the market with joy -- and a little skepticism.
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SEC warns on broker-dealer pay incentives

U.S. regulators warned broker-dealer firms about creating incentives that may lead their brokers to engage in questionable conduct such as recommending unsuitable investment products, the Securities and Exchange Commission said on Monday.
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UPDATE 1-Citigroup sells three credit card portfolios

Citigroup Inc said on Monday it sold three credit card portfolios representing $1.3 billion in managed assets, as part of a plan to unload weak businesses and troubled assets that caused huge losses.
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Citi investors should take profits: Barron's

Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.
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Qatar wants to be largest Songbird shareholder

Qatar Holding LLC aims to become the largest shareholder in Songbird Estates -- owner of much of London's Canary Wharf office complex -- the investment arm of the Qatari wealth fund said late on Friday.
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Obama's pay czar no stranger to big paychecks

The pay czar tasked by the U.S. government with ruling on the eye-popping compensation of some of Wall Street's top earners is far from a stranger to big paychecks and the trappings of wealth.
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Citi sale of Japan's Bellsystem24 heats up

Global buyout firms including Permira and KKR KKR.UL are set to bid for a core Citigroup asset next week in a deal worth more than $1 billion, grabbing a rare opportunity for them to chase big investments in Japan.
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CVC fails to pay loan, loses Skylark stake - Nikkei

PHILADELPHIA - CVC Capital Partners failed to repay a loan owed to Chuo Mitsui Capital Co and lost its stake in restaurant chain Skylark Co, The Nikkei reported in its Friday morning edition.
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Fed urges secrecy on banks in bailout programs

The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
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Morgan Stanley hires ex-Citi trader Evans - WSJ

Morgan Stanley (MS.N), Looking to fortify its equity trading business in Europe, has hired Richard Evans, a former top trader with Citigroup Inc (C.N), as head of strategy in the region, the Wall Street Journal said on Thursday.
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John Paulson buying Citigroup shares: report

Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources.
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Democratic fund-raiser charged in Citigroup fraud

A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud Citigroup Inc .
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Four banks dominate August market in 'dash for trash'

In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, in what one analyst referred to as a dash for trash.
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Mid-Day Minute - July 25

Obama's Fed Pick; Dealers' Clunkers Reward; Investor's Big Fraud
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Four financials dominate NYSE stock action in August

In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, with all four rallying on little news.
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Saad's sukuk holders asked to vote on dissolution

Holders of a $650 million Islamic bond issued by a unit of troubled Saudi firm Saad have been asked to vote on dissolving the sukuk, trustee Citi (C.N) said on Tuesday.

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