Citigroup Incorporated

Stocks close down as deadlock continues in Greece

2012-05-14 14:26:00

�A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower. The euro sank to a three-month low against the dollar and borrowing costs for Spain and Italy jumped as bond traders anticipated that financial...

Investors ditch big banks while stock markets overall improve

2012-05-11 09:13:00

NEW YORK — Investors are selling off shares of major U.S. banks in midday trading on Wall Street, following news of JPMorgan Chase & Co.’s stunning $2-billion trading loss. While major indexes were initially down in early trading, all had...

Stock market decline is muted, despite bank slump

2012-05-11 14:09:00

JPMorgan's surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries. Most of the 10...

Big Oil reigns atop Fortune 500

2012-05-07 13:38:00

With energy prices high, Big Oil rules atop the Fortune 500, helping to put Texas just a hair behind California as home to the highest-revenue corporations -- 52 firms, compared with the Golden State's 53. The magazine's latest list of mega-enterprises,...

BofA initiates home loan modification offers

2012-05-08 13:03:00

Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged...

BofA begins contacting distressed homeowners about principal cuts

2012-05-09 00:00:00

It's not quite a check in the mail, but certain distressed mortgage borrowers at Bank of America Corp. will be happy they opened the letter anyhow. The Charlotte, N.C., lender said Tuesday it has begun contacting about 200,000 customers who have fallen...

Greek leftists flirt with bailing on the bailout, no immediate takers

2012-05-08 16:38:40

Bank of America CEO faces shareholder ire as protests swirl

2012-05-09 14:13:00

Four people were arrested Wednesday as they tried to force their way into the annual Bank of America Corp. shareholders' meeting in Charlotte, N.C. Police used a new ordinance to impose restrictions on the gathering. Hundreds of people gathered on the...

JPMorgan Chase discloses $2-billion trading loss

2012-05-10 17:56:00

Barely four years after Wall Street's wrong-way bets plunged the world into a financial crisis, JPMorgan Chase & Co. admitted it lost $2 billion from a trading portfolio that was supposed to have helped the bank manage credit risk. "These were...

SolarCity plans IPO

2012-04-30 07:41:36

SolarCity Corp., the developer of rooftop solar power systems whose chairman heads Tesla Motors Inc., is planning an initial public offering. The offering will begin after the Securities & Exchange Commission reviews a draft registration statement the...

Molina Healthcare fights to keep growing

2012-04-27 00:00:00

Healthcare companies are tripping over themselves to profit from a flood of government contracts for treating the poor and disabled, and a family-run company in Long Beach with nearly $5 billion in revenue is trying to stay ahead of the pack. Amid the...

Fannie Mae backed principal reductions, internal documents show

2012-05-01 07:26:00

WASHINGTON -- Fannie Mae officials supported principal reductions for some struggling homeowners in 2009 and believed they would save taxpayer money, but a pilot program set to start a year later was abruptly canceled apparently for ideological reasons,...

Citibank branch on Michigan Avenue hit by robber.

2012-05-07 10:21:00

A Chicago Police Department bomb squad officer checks the Citibank branch at 539 N. Michigan Ave., after an attempted robbery. A robber who walked into a bank, claimed to have a bomb, then left without taking the bag of cash he demanded, police said.

2012-05-07 00:00:00

FBI officials said this man tried to rob the Citibank branch on Michigan Avenue in the Mag Mile this morning.

2012-05-07 00:00:00