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Many investors and shareholders in Citigroup (NYSE:C) have been concerned over how the Treasury Department was going to divest its 27 percent stake in the company. To ease those worries the Treasury is exploring the idea of selling their shares on a regular sc...
Banking (Mar 26th, 10)
While Citigroup (NYSE:C) has been enjoying an extremely strong March, short-sellers have been increasing their bets against the giant financial institution, as there isn't anything in the fundamentals which has warranted the increase in Citigroup stock price o...
Stocks (Mar 25th, 10)
Citigroup (NYSE:C) was fined $1.25 million from accusations for 35 states that their CitiFinancial unit didn't report 91,127 residential mortgage loans to the federal government. A law requires all residential mortgage loans to be reported in the U.S. Unfortu...
Banking (Mar 24th, 10)
The announcement by E-Trade (Nasdaq:ETFC)that they've hired a new chief executive officer also signaled the company has taken itself off the market and is no longer for sale. Former Citigroup (NYSE:C) executive Steven Freilberg was hired to take the reins of ...
Financials (Mar 23rd, 10)
Citigroup (NYSE:C) has reversed direction on its mortgage strategy, saying now they'll be increasing the acquisition of mortgages underwritten by other companies. They also said they'll keep more loans on their balance sheet than they said they were going to. ...
Banking (Mar 19th, 10)
Citigroup (NYSE:C) analyst Deborah Weinswig gave Wal-Mart (NYSE:WMT) a boost today as she upgraded the stock based on further grocery discounts and their continual pursuit of wealthier customers with their apparel department and changes in store design. Weins...
Business (Mar 15th, 10)
Citigroup (NYSE:C) CEO Vikram Pandit has been all over the media lately touting the future fortune of the company, and seemingly attempting to keep the focus of the media, analysts and investors off of the extraordinary risk the company still faces. The strat...
Banking (Mar 14th, 10)
McDonald's french fries aren't the only product that has been under fire to downsize, as Citigroup (NYSE:C) as a whole is under pressure to take further steps to downsize the company from a government watchdog group. A congressional oversight panel talking to...
Banking (Mar 4th, 10)
They were supposed to use the money to reignite the economy. Instead, they kept the cash in order to keep themselves looking adequately liquid. No decision is without consequence, however. The nation’s biggest banks - Citigroup (C), Wells Fargo (WFC), Ba...
Banking (Nov 6th, 09)