CITIGROUP

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.

(Corrects third paragraph to show defaults fell to 13.81 percent, not 13.82 percent)

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers are in better financial shape than feared despite job losses and the housing slump.

Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and binding authority over executive compensation, including the ability to claw back money already paid, and he is weighing how and whether to use that power.

Citigroup Inc says two of its traders are exempt from a government review of the bank's top executive pay packages, The New York Times reported on Saturday.

Mexico's Cemex, the world's No. 3 cement maker, said on Friday it finalized a $15 billion debt restructuring to avoid default and announced it could sell shares worth about $1.7 billion as part of the deal.

Hedge fund Citadel, which launched an investment banking group earlier this year, has hired a senior Citigroup Inc financial institutions investment banker, a source familiar with the matter said on Friday.

Islamic lender Kuwait Finance House (KFH) is tying up with United States apartment building owner UDR Inc to buy high income property in the United States to tap lower asset prices.

A massive rally in U.S. stocks since March has reawakened bullish spirits, but insiders are jumping out of the market in a sign the run up is getting stretched.

U.S. Southeast regional bank BB&T Corp will buy deposits and branches of Colonial BancGroup Inc following a move by regulators to take the struggling lender into receivership, media reports said, citing people familiar with the matter.

Sallie Krawcheck has purchased just over $1 million of Bank of America Corp stock, a little more than a week after becoming head of global wealth and investment management at the largest U.S. bank.

U.S. stocks edged up on Thursday as better-than-expected earnings by Wal-Mart Stores Inc. offset gloomy government numbers on retail sales and employment.

Citigroup Inc energy trader Andrew Hall is proposing to modify his contract in an effort to avoid a confrontation with the Obama administration's pay czar, The Wall Street Journal reported on Thursday, citing sources familiar with the situation.

Citigroup Inc has been forced by U.S. regulators to hire external consultants who will consider whether the New York company's current management is capable of leading it out of financial crisis, the Financial Times reported on its website.

Citigroup Inc's contract with an energy trader who may be owed up to $100 million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.

Citigroup Inc's contract with energy trader Andrew Hall, which reports say could pay him up to $100 million this year, will not be subject to rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.

Buyout funds including Permira and KKR have been told to submit their first bids by September 1 for Citigroup Inc's Bellsystem24, a leading Japanese telemarketer, in what might be the largest private equity deal in Japan this year, sources familiar with the process said on Wednesday.

JPMorgan Chase & Co is looking to sell 23 office properties in what may be the country's largest office real estate sale this year, the Wall Street Journal said in a report on its Website on Tuesday.

U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.

Seven Norwegian municipalities and a Norwegian securities broker are suing Citigroup Inc for more than $200 million in damages after they lost millions of dollars on investments sold by the U.S. bank two years ago.