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Citigroup Announces Plans to Cut 4,500 Jobs Globally
Banking giant Citigroup has announced plans to cut 4,500 jobs globally over the next several months to reduce costs
Who Says Wall Street Isn't Hurting?
You may be surprised to learn which industry has announced the most layoffs so far this year: finance
Wall Street Is Back to Its Old Tricks
After the banks made wildly risky bets with our money, we bailed them out. Congress enacted financial reform (the Dodd-Frank law). But Wall Street lobbyists immediately set about diluting it, along with its regulations. Dodd-Frank is now riddled with so many exemptions and loopholes that the largest banks are back to many of their old tricks
Citigroup Settles $285 Million Negligence Lawsuit
Citigroup agreed to settle a $285-million negligence lawsuit that the Securities and Exchange Commission (SEC) filed that day over a $1-billion investment product linked with the housing market
What Enron & WorldCom Can Teach Us About Goldman & AIG
Newsweek's latest cover story declares that The Great Recession is over. A Merrill Lynch report concurs, saying, 'The recession is over... We are bullish on global equities.' Goldman Sachs is placing riskier bets on the market than it did before the financial meltdown (and setting aside huge amounts of money to pay its executives). The problem is ...
Smoke Billowing Out of Our Economic Mount Vesuvius
There is currently plenty of alarming smoke pouring out of our economic Vesuvius, but it is being dismissed. Don't worry about economic tremors, we're told, our financial system is back on track, the bailout worked and we'll start our slow but steady climb to recovery. But warning signs are all around us ...
FX Alliance IPO Opens Up 13% After Cutting Price
Wall Street Journal - 54 minutes ago
U.S. Mortgage Servicers in $26B Settlement
Bloomberg - 1 hour ago
Henkel Said to Offer Terms on 800 Million-Euro Revolving Credit
Bloomberg - 1 hour ago
QNB Hires Barclays, Citi, HSBC for Bond Sale as It Seeks to Buy Dexia Unit
Bloomberg - 2 hours ago
New York Wednesday Stock Wrap
Citybizlist (press release) - 2 hours ago
Citigroup (NYSE:C) Plans Exit from Mortgage Brokerage Business - Howard B ...
WallStreetWindow.com - 3 hours ago
Citigroup Inc. (NYSE:C) Makes Asia-Pacific Changes
StocksandShares.TV - 4 hours ago
American Banks Prove Inferior to Canadian Banks Led by TD
Bloomberg - 11 hours ago
U.S. may sue banks over mortgage securities: WSJ
MarketWatch - 13 hours ago
Bad Mortgage, Foreclosure Processes Cost Banks $72 Billion (BAC, WFC, C, JPM) - 24/7 Wall St.
Citigroup Sued by Lehman Brothers for $2.5 Billion 'Wrongfully' Withheld
Bloomberg - 15 hours ago
News for Citigroup Inc. - Google Finance
News for Citigroup Inc. - Google Finance
Wall Street Makes out Like Bandits...Again
States, banks reach foreclosure-abuse settlement
Mortgage Plan Gives Homeowners Bulk of the Benefits
[video] Banks Benefit From Settlement
Investors Need to Summon Elephant's Memory before Charging Back to Stocks
What the mortgage settlement means to you.
Banks, government negotiate $26B deal for homeowners
Big Mortgage Settlement is Thin On Details
What you’ll get in the foreclosure deal
Wisconsin joins mortgage-servicer settlement
U.S. reaches mortgage settlement with top banks
[Reuters] - The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for ...
Citi aids college-financing education program in Philadelphia
[$$] Banks, States Reach Accord
U.S. banks, regulators settle on foreclosure fines
[Reuters] - The Office of the Comptroller of the Currency said on Thursday that four large U.S. banks have agreed to pay a penalty of $394 million as part of a settlement they reached in April 2011 with regulators ...
$26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners
[The Daily Ticker] - http://l.yimg.com/a/p/us/news/editorial/8/68/8689b96005a08aa6445552e613392ae3.jpeg
PRECIOUS-Gold rallies 1 pct as Greece deal boosts euro
PRECIOUS-Gold rallies 1 pct as Greece deal boosts euro
[Reuters Australia] - * Greece, creditors thrash out deal; euro rallies * ECB keeps rates on hold at 1.0 pct * Platinum prices narrow discount to gold (Updates prices, adds comment) By Jan Harvey LONDON, Feb 9 (Reuters) - Gold ...
PRECIOUS-Gold rallies 1 pct as Greece deal boosts euro
[Reuters Australia] - * Greece, creditors thrash out deal; euro rallies * ECB keeps rates on hold at 1.0 pct * Platinum prices narrow discount to gold (Updates prices, adds comment) By Jan Harvey LONDON, Feb 9 (Reuters) - Gold ...
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