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Citigroup CEO Vikram Pandit is blaming his company’s considerable troubles on moves by previous management to dive into real estate. In a particularly generous gesture, he also told PBS’ Charlie Rose that he understands how people might be upset ...
Read moreThe Real Reason Citigroup Is a Mess - The Washington Independent.com
Another day, another big financial rescue. Citigroup yesterday received a bailout as the federal government stepped in to restore confidence in the company's assets -- and the nation's financial system. Citigroup was viewed as too big to go the way ...
Read moreBehind the Citigroup bailout: Five answers about the government plan - Newark Star-Ledger
MEXICO CITY, Nov 25 (Reuters) - Mexico's peso rallied on Tuesday after the U.S. Federal Reserve unveiled a plan to buy mortgage and consumer-related securities in its latest attempt to boost the flagging U.S. financial system. The peso <MXN=> MEX01 ...
Read moreFed plan lifts Mexico peso; stocks dip on tech drop - Reuters
Another day, another big financial rescue. Citigroup yesterday received a bailout as the federal government stepped in to restore confidence in the company's assets -- and the nation's financial system. Citigroup was viewed as too big to go the way ...
Read moreBehind the Citigroup bailout - Newark Star-Ledger
Many Southwest Florida stakeholders endorsed an $800 billion plan to unfreeze the credit market because they said it attacks the problems at its root -- in the housing industry -- and because it has the potential to knock potential home buyers off ...
Read moreIndustry players hope aid will get to problem's root - Herald Tribune
NEW YORK (Reuters) - A government rescue plan has eased investors' concerns about Citigroup Inc, but mines lurking in the balance sheets of rivals including Bank of America Corp could still tempt short-sellers. Bank of America, the No. 3 U.S. bank by ...
Read moreANALYSIS - After Citi, is Bank of America next? - Reuters India
TOKYO, Nov 30 (Reuters) - Struggling Citigroup Inc (C.N: Quote , Profile , Research , Stock Buzz ) plans to sell NikkoCiti Trust and Banking Corp, its trust bank unit in Japan, as part of its global restructuring efforts in a deal that could raise up ...
Read moreUPDATE 1-Citigroup to sell Japan NikkoCiti trust unit-media - Reuters
Mainland shares closed lower yesterday following heavy falls in United States stocks overnight Thursday and persistent concerns about the global economy. The Shanghai Composite Index closed down 14.371 points at 1,969.389 on turnover of 83.8 billion ...
Read moreProperties help mainland index regain early losses - South China Morning Post
NEW YORK - A government rescue plan has eased investors’ concerns about Citigroup Inc, but mines lurking in the balance sheets of rivals including Bank of America Corp could still tempt short-sellers. Bank of America, the No. 3 U.S. bank by assets ...
Read moreAfter Citi, is Bank of America Next? - Khaleej Times
(Fortune Small Business) -- Paul Heck owns EveryHome , A successful real estate brokerage in suburban Philadelphia. The 53-year-old never considered making a Roth IRA part of his retirement plan. While Heck understands the substantial tax advantages ...
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