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Citigroup hit by $8 billion in credit losses
NEW YORK (Reuters) - Citigroup Inc (C.N) posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.
People:Vikram Pandit Source:(Reuters)
2009-10-15
BofA CEO Lewis out by year's end, search on for successor
NEW YORK (Reuters) - Bank of America Corp (BAC.N) CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
Nations:U.S. People:Vikram Pandit
2009-10-01
Risk-taking is back for banks 1 year after crisis
NEW YORK - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.
People:Timothy Geithner Vikram Pandit Activities:Global Financial Crisis
2009-09-13
Where Bailout Money Goes to Die
When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington managing the bailout of the financial system. CIT got $2.3 billion in bailout funds last year--yet it was still failing. And the government decided not to offer any more help. So if CIT declared bankruptcy, taxpayers would be out their $2.3 billion.
Nations:U.S. People:Vikram Pandit Ben Bernanke Activities:2009 CIT Group Crisis Obama Stimulus Package
2009-07-28
Citigroup names former banking regulator to board
NEW YORK - Citigroup Inc. named three new outside directors Friday as the bank seeks to shift its focus back to traditional banking after it suffered a bruising hit from risky mortgage-backed securities.
People:Vikram Pandit Michael Bloomberg Activities:Citigroup Crisis Source:(AP)
2009-07-24
| Headlines |
- Citigroup hit by $8 billion in credit losses 2009-10-15
- BofA CEO Lewis out by year's end, search on for successor 2009-10-01
- Risk-taking is back for banks 1 year after crisis 2009-09-13
- Where Bailout Money Goes to Die 2009-07-28
- Citigroup names former banking regulator to board 2009-07-24
- Citigroup shakes up top management 2009-07-09
- Economy won't go back to old ways: Citi CEO 2009-06-15
- Summit hears calls for new US economic strategy 2009-06-15
- Sumitomo Mitsui to buy brokerage from Citigroup 2009-05-01
- Citigroup says AIG tax would hurt firm, sector 2009-03-21
- Global stock rally continues ahead of G-20 summit 2009-03-13
- Citi outlook sparks explosive Wall Street rally 2009-03-10
- Dow ends up nearly 380 on Citigroup profit news 2009-03-10
- Citigroup gets new rescue, U.S. may own 36 percent 2009-02-27
- New U.S. stake in Citigroup may not calm doubts 2009-02-23
- US could take 25-40 percent stake in Citi: WSJ 2009-02-23
- U.S. may boost stake in Citigroup: source 2009-02-23
- Citigroup's Mexico bank head denies sale reports 2009-02-17
- Bankers vow to build trust with increased lending 2009-02-11
- US bank bosses pilloried in Congress 2009-02-11
- Wall St CEOs to defend use of bailout to Congress 2009-02-11
- Parsons to become chairman at Citigroup 2009-01-21
- Citigroup divides to conquer after 8.29 bln dlr loss 2009-01-16
- Citigroup posts loss, splits up the bank 2009-01-16
- Citigroup to split into two units after huge losses 2009-01-16
- Citi breakup in sight after Morgan Stanley deal 2009-01-14
- Citigroup gets cash in brokerage tie-up with Morgan Stanley 2009-01-13
- Death knell for Citigroup's 'supermarket' model 2009-01-13
- Citigroup, Morgan Stanley merge brokerages 2009-01-13
- Citigroup, Morgan Stanley talk about merging units 2009-01-09
- Top Citi execs to forego bonuses 2008-12-31
- Pressure on Citigroup builds, shares fall below $4 2008-11-21
- Citigroup CEO gets $26.7 mln stock, 3 mln options 2008-01-25
- Citigroup abandons U.S. branch expansion plan: report 2008-01-24
- Citigroup posts $9.83 billion loss 2008-01-15
- Citi likely to announce dividend cut, layoffs 2008-01-14
- Citi, Merrill, JPMorgan face larger writeoffs: Goldman 2007-12-28
- Citigroup's financial migraine worsens with asset shift 2007-12-15
- Goldman sees value in Citi debt after rating cut 2007-12-14
- Citi to take $49 bln in SIVs onto balance sheet 2007-12-13
- Citi taps investment banking head as CEO 2007-12-11
- Citi board to meet, weigh CEO candidates: source 2007-12-10
- Citigroup CEO quits, bank may face $11 billion writeoff 2007-11-05
- Citigroup CEO Prince expected to resign 2007-11-04
- Citigroup CEO Charles Prince to resign 2007-11-03
- Citigroup turmoil turns spotlight on Rubin 2007-10-14
- Citigroup may buy Old Lane hedge fund firm: report 2007-04-09
- Citigroup in talks to buy Old Lane: WSJ 2007-04-08
Matches Shown: | 1-50 | 51-100
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