Result Page 79 for Citigroup news & latest pictures from ibtimes.com

Citigroup: $45 billion TARP money goes toward loans

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.

Ford Taunts GM, Chrysler With Stock Offering

The Wall Street Journal off-leads and Bloomberg reports that Ford Motor Co. (F), the most robust of the Big Three, plans to issue 300 million shares of common stock in a public offering that will further distance itself from its crosstown rivals and will take advantage of an 11-week stock rally.

Ford to sell 300 million common shares

Ford Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union.

Citi using most of TARP capital to make loans: report

Citigroup Inc, the bank bailed out with $45 billion of U.S. taxpayers' money, is using almost all of that money to make new loans, the Associated Press said citing a report scheduled for release on Tuesday morning.

More news

U.S. risks lost decade due to half-steps: Krugman

The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.

GMAC could get $7.5 bln from U.S. next week: report

GMAC, the troubled automobile lender, may receive a $7.5 billion infusion from the U.S. government as early as next week, the Washington Post reported in its Saturday edition, citing unnamed sources.

Fed cut banks' deficits after negotiations: report

The Federal Reserve reduced the size of capital deficits facing several banks before releasing the results of stress tests on the financial institutions, according to a story in the Wall Street Journal on Saturday.

Wall St leaps on bank optimism, jobs data

U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy.

Bank confidence, data push Wall St higher

Wall St rallies on bank confidence, data

U.S. stocks rose on Friday as results of bank stress tests fueled hopes that the worst is over for the financial sector, and news of fewer-than-expected April job cuts suggested the economic slump is moderating.

Stock futures point to shares rising; jobs data eyed

U.S. shares are set to rise on Friday, after stress tests for U.S. banks sparked optimism about the sector's future, and ahead of April's non-farm payroll data.

European banks' bad debts soar

First-quarter results from two more European banks showed bad debts soaring in the face of tough economies, as U.S. rivals prepared to raise $75 billion to provide a cushion for the deepest recession in decades.

Toyota forecasts $8.6 billion annual loss as sales slide

Toyota Motor Corp , the world's biggest automaker, forecast a much deeper-than-expected annual loss of $8.6 billion as sales tumble, keeping dozens of its factories underused.

Toyota Q4 loss $6.9 billion; sees more red ink ahead

Toyota Motor Corp, the world's biggest automaker, lost $6.9 billion in the fourth quarter and forecast more losses for the current year as sales tumble, keeping dozens of its factories underused.

Goldman, M.Stanley, others see repaying TARP soon

Goldman Sachs Group Inc , Morgan Stanley , JPMorgan Chase & Co and several other big U.S. banks said they were in a position to quickly repay Treasury capital injections after regulators released bank stress test results.

U.S. banks race to fill $74.6 billion stress test hole

U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.

AIG loss narrows, no new bailout plan

American International Group , the giant insurer bailed out by the U.S. government, reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs.

Tech, poor auction hits Wall St.; banks up late

Wall Street stocks slid on Thursday as investors took profits from the technology sector's recent surge, while analyst downgrades hurt telecoms and a tepid response to a government bond auction raised fears about public finances.

Stress test results: 10 Big Banks need $75B by November

The much anticipated stress test results were finally released on Thursday by the Federal Reserve reflecting that 10 of the nation's 19 largest banks need a total of about $75 billion in new capital.

Stress tests show top banks need $74.6 billion more

Stress tests show 10 banks need $74.6 billion more

Investors brace for stress test results

Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.

U.S. banks rally ahead of stress test results

Citigroup Inc and Bank of America Corp shares rallied in premarket trading ahead of the release of stress test results that will force them and other top banks to raise tens of billions of dollars in capital.

Stress test hopes, retailers lift Wall St at open

Stocks opened higher on Thursday as investors anticipated results of stress tests to show that most banks are healthier than previously thought.

Europe bank bad debts cast shadow over buoyant mood

A trio of top European banks showed bad debts are ratcheting up as economies worsen and unemployment rises, although investor optimism ahead of U.S. bank stress test results drove shares to year highs.