1 hr ago | International Business Times
Citigroup says new rules may hit securitization
Citigroup Inc said on Friday that new accounting rules for securitization trusts may prevent the bank from funding some of its assets with a top debt rating.
9 hrs ago | AmericanBankingNews.com
JP Morgan Chase (NYSE: JPM), Citibank (NYSE: C), Goldman Sachs (NYSE: ...
The Federal Reserve met privately with top banking officials at JP Morgan Chase , Citibank , Goldman Sachs , Morgan Stanley and others on Monday to discuss new compensation rules and to urge the bailed-out banks to begin their compensation reform plans immediately, even before the Federal Reserve finalizes its compensation reform rules.
Citi files plans for Primerica IPO, to sell rest of insurance company after it goes public
Citigroup Inc. filed plans for an initial public offering of its Primerica Inc. life insurance unit late Thursday, and said it will sell the rest of the unit after it goes public.
Official Endorses Workplace Clinics for Vaccine Distribution
The federal health official in charge of immunization and respiratory diseases said Friday that swine flu vaccine should be distributed through many outlets, including workplace clinics, to get it to high-risk people as quickly and efficiently as possible.
To Retain Its Bankers, Citi Offers Option Plan
Hoping to encourage bankers and managers to stay, Citigroup began dispensing several million stock options this week to more than a quarter of its workers in a way that could result in a sizable gain for them.
Attempt to Sell Primerica Highlights Challenge of Restructuring at Citigroup Inc.
In a much expected move, the Wall Street Journal reported that Citgroup Inc. released plans to spin off its Primerica Inc.
Nomura, Barclays Lure Hundreds of Bankers as Rivals Cut Jobs, Cap Bonuses
Barclays Plc and Nomura Holdings Inc. , which never ranked among the top 10 merger advisers worldwide in the past decade, are luring hundreds of bankers as competitors cut jobs and cap bonuses under government pressure.
John Reed Says `I'm Sorry' for Glass-Steagall Repeal, Building Citigroup
John S. Reed , who helped engineer the merger that created Citigroup Inc. , apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.
Citigroup to Sell Shares in Primerica Financial Unit in $100 Million IPO
Citigroup Inc. plans to sell shares of Primerica Financial Services, one of the banka s original businesses, through an initial public offering.
Large NYC employers getting swine flu vaccine
Some of New York Citya TMs largest employers a ' including Wall Street firms Goldman Sachs and Citigroup a ' have started receiving some doses of swine flu vaccine.
Citi Axes 175 Jobs In Card, Wealth Units
Citigroup Citigroup is laying off 100 employees in its credit-card business, and 75 executives in its personal wealth management division, Bloomberg reports.
Stocks in U.S. Erase Most of Rally After House Votes to Limit Card Rates
U.S. stocks erased most of a 156- point rally in the Dow Jones Industrial Average after a House bill to curb credit-card rates spurred concern about bank earnings, outweighing the Federal Reservea s plan to keep interest rates at a record low.
NC officials propose regs to help stop foreclosure
North Carolina officials have proposed several new regulations that would help families struggling to keep their homes.
Stocks in U.S. Extend Global Drop as Bank of America, Intel Shares Decline
U.S. stocks fell, extending a global retreat, as a wider-than-estimated loss at UBS AG and an analyst downgrade of chipmakers overshadowed Warren Buffetta s purchase of Burlington Northern Santa Fe Corp.
Citigroup's Rhodes Urges G-20 to Make `Plan for Growth': Video
Nov. 3 -- William Rhodes, senior vice chairman of Citigroup Inc., talks with Bloomberg's Kathleen Hays about the outlook for the U.S. economy.
Cramer on BloggingStocks: Assigning blame after Friday's market plunge
Filed under: Coca-Cola , PepsiCo , Market matters , Citigroup Inc. , CIT Group , Kellogg Co , General Mills , Cramer on BloggingStocks TheStreet.com's Jim Cramer wonders whether the big selloff was caused by anxious managers locking in profits.
Sempra says RBS may sell commodities venture stake
Sempra Energy said Monday that Royal Bank of Scotland Group disclosed it may have to sell its majority interest in the RBS Sempra Commodities joint venture, as part of a massive restructuring looming for the U.K. lender.
Tech stocks help push TSX lower Monday
The S&P/TSX composite, was up 25.21 points, or 0.23%, to 10,935.96 in early trading.
'Pay czar,' Fed move forward on compensation plans
The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.
Retreat in stock markets continues as investors worry about economic prospects
Worries about the strength of an economic recovery pushed the Toronto stock market sharply lower Monday afternoon despite good U.S. economic news and a solid profit report from Ford Motor Co.
Also on Topix