Citigroup Inc. will buy back more than $7 billion of auction-rate securities from investors to settle claims it misled...
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CITIGROUP
Citigroup is among the largest global banks in the world and one of the most widely held stocks on the New York Stock Exchange. Because of its size and scope, Citigroup is impacted -- for better or worse -- by the vagaries of financial markets and the world economy. So far, the bank has proven capable of delivering enormous profits, but at a cost. Analysts and shareholders wonder if the bank is too big to manage and can avoid constant run-ins with regulators.
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sold to retail customers, likely paving the way for other banks and brokerage firms to take similar actions.
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Citigroup faces a bill of $7.3bn (£3.6bn) to settle charges that it misled 40,000 customers into buying 'safe' devices...
NEW YORK (Reuters) - Citigroup and Merrill Lynch said they would buy back billions of dollars of illiquid auction-rate...
Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of...
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NEW YORK, Aug 12 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) on Tuesday sold $3 billion of...
the largest U.S. bank surfaced with a new $3 billion corporate bond offering. Five-year credit default swaps on...
NEW YORK, Aug 12 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), launched its $3 billion of...
wonder what the impact will be when the bank's business divisions gain greater independence. According to research from...
sold the securities at a loss after the market closed down in February. That followed similar moves by Citigroup on...
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and Exchange Commission reached settlements that forced Swiss bank UBS to repurchase $18.6 billion of the securities,...
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and increased credit loss assumptions going forward. he cut his $48 price target to $10 AMAZON.COM, INC.
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NEW YORK (Reuters) - Citigroup said on Monday that Amazon.com Inc's Kindle electronic reader appears to be selling much...
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by Alec Young From This article examines the risk-reward trade-off of adding a satellite weighting of small-cap...
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Top Sources: Citigroup
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