CITIGROUP
New York City judge rejects $285 million SEC-Citigroup agreement 
A federal judge today struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong.
By Larry Neumeister , November 28, 2011
Citigroup says hackers accessed credit card data
The hackers were able to gain access to Citi's Account Online service to view customer names, their account numbers and contact information including email addresses.
By Kelvin Chan , June 09, 2011
Government plans to shrink some home loans
The multifaceted effort will let people who owe more on their mortgages than their properties are worth get new loans backed by the Federal Housing Administration. The program also includes assistance to help unemployed homeowners keep paying their mortgages.
By Alan Zibel , March 26, 2010
Citigroup to repay $20 billion in bailout money
The New York-based bank was among the hardest hit by the credit crisis and rising loan defaults. It has received one of the largest bailouts of any banks during the financial crisis. The government gave it $45 billion in loans and agreed to protect losses on nearly $300 billion in risky investments.
By Stephen Bernard , December 14, 2009
Treasury pay czar limits pay at automakers, banks
The Obama administration’s pay czar is limiting the cash compensation for executives at Citigroup, GMAC, American International Group and General Motors.
By Daniel Wagner , December 11, 2009
BofA’s TARP repayment puts pressure on Citi, Well
Bank of America’s surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government’s thumb. But don’t expect it to happen anytime soon.
By Stevenson Jacobs , December 03, 2009
TARP head confirms substantial pay cuts looming
The chairman of the panel that oversees the $700 billion federal bailout fund said this morning that the Obama administration is insisting on slashing the salaries of executives of companies that took money from the government. The seven companies are Bank of America Corp., American International Group Inc., Citigroup Inc., General Motors, GMAC, Chrysler and Chrysler Financial.
By Martin Crutsinger , October 22, 2009
Big bonuses at bailed-out banks highlighted
Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York's attorney general said today in a report detailing the payouts by nine big banks.
By Stephen Bernard , July 30, 2009
N.Y. AG details big bonuses at bailed-out banks
Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York’s attorney general said Thursday in a report detailing the payouts by nine big banks.
By Stephen Bernard , July 30, 2009
Dow Jones swaps Travelers, Cisco for Citigroup, GM
The Dow Jones industrial average is the latest Wall Street institution to be reshaped by the financial crisis. The stock market's best-known barometer is adding Cisco Systems Inc. and Travelers Cos. and dropping General Motors Corp. and Citigroup Inc. The changes were announced as GM entered bankruptcy protection, a move that was widely expected.
By Tim Paradis , June 01, 2009
Report: Bank of America, Citigroup told to boost capital
Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that "stress test" results show they may need to raise additional capital, The Wall Street Journal said today.
By Associated Press , April 28, 2009
Stock futures fall on swine flu, bank worries
Wall Street is set to open lower this morning on worries about the spread of swine flu and the viability of banks. Concerns that swine flu could hurt industries such as travel and tourism escalated after the World Health Organization said it is too late to contain the virus. The WHO raised its alert to a phase 4 out of 6, saying the flu spreads easily but is not pandemic.
By Madlen Read , April 28, 2009
BUSINESS NEWS: Madoff's wife's money ... Industrial output drops
Bernard Madoff’s wife could theoretically claim more than $100 million in assets — and should forfeit it all, said federal prosecutors.
By Associated Press , March 16, 2009
Wall Street opens higher, building on 4-day rally
Investors reassured by Federal Reserve Chairman Ben Bernanke's comments on the recession are extending Wall Street's gains into a fifth straight day.
By Stephen Bernard , March 16, 2009
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