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Citigroup Inc.

Feb 9, 2011

Citigroup, Ally class action foreclosure suit dropped

Kentucky homeowners dropped a possible class action suit in which Citigroup Inc. and Ally Financial Inc. units were accused of conspiring with Mortgage Electronic Registration Systems Inc. to falsely foreclose on loans.

Dec 30, 2009

Goldman Sachs takes biggest share of $923M IPO fees

Goldman Sachs Group Inc. won the biggest share of the $923 million in fees from U.S. initial public offerings this year, while Citigroup Inc. fell out of the top five after its revenue plummeted more than 50 percent. Goldman Sachs made $191.6 million helping take 16 companies from Hyatt Hotels Corp. to Cobalt International Energy […]

Mar 22, 2009

Citi’s Pandit excites Mr. Market, frees ‘animal spirits’ in all of us

One day last week, Mr. Market stumbled out of bed, downed a double espresso and learned that Vikram Pandit had said that his bank, Citigroup Inc., was having its best quarter since 2007. “Right,” said Mr. Market, reaching into his mattress. “It’s time to buy stock.” And buy he did. Not just Citigroup, and not […]

Feb 16, 2009

JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through March 12, or when a plan is completed, the company said Friday in a statement. […]

Jan 26, 2009

Treasury demands banks with TARP funds report lending

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to Citigroup Inc., Bank of America Corp. and 18 others on Jan. 16 seeking figures on […]

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