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Citigroup Stands Alone

New York Times - 26 minutes ago

Citigroup is the last of the Wall Street giants to remain tethered to government support, putting the struggling bank at a further disadvantage.

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Citi Issues Notes
Zacks.com via Yahoo! Finance - Fri Dec 4, 8:35 am ET
Citigroup raises funds by issuing senior marketing notes.
Report: Goldman Sachs Execs Could Be Paid in Stock
Fox News - Fri Dec 4, 7:05 am ET
Report: Goldman Sachs Execs Could Be Paid in Stock
Citigroup Said to Need Treasury Stake Sale Before TARP Payment
Bloomberg - Fri Dec 4, 1:25 am ET
Dec. 4 (Bloomberg) -- The U.S. Treasury Department’s refusal to sell its 34 percent stake in Citigroup Inc. is hampering the bank’s plans to repay $20 billion of remaining bailout funds, people familiar with the bank said.
BofA's TARP repayment puts pressure on Citi, Wells
San Francisco Chronicle - Thu Dec 3, 5:39 pm ET
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. That's because many banks,... Bank of America - Citigroup - Wells Fargo - Troubled Asset Relief Program - United States
Citigroup Stands Alone
The Gainesville Sun - 7 minutes ago
ANDREW MARTIN and ERIC DASH Citigroup is the last of the Wall Street giants to remain tethered to government support, putting the struggling bank at a further disadvantage.
BofA TARP payback puts heat on Wells, Citi
MSNBC - Thu Dec 3, 6:01 pm ET
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup.
U.K. Stocks Cut to ‘Underweight’ by Credit Suisse Strategists
Bloomberg - Fri Dec 4, 4:46 am ET
Dec. 4 (Bloomberg) -- The U.K. may face a “government funding crisis” next year, according to Credit Suisse Group AG equity strategists who cut U.K. stocks to “underweight.”
BA, Iberia Upgraded To Buy At Citigroup
Fox News - Fri Dec 4, 3:47 am ET
BA, Iberia Upgraded To Buy At Citigroup
Indonesian Growth Can’t Match China, India, Credit Suisse Says
Bloomberg - Thu Dec 3, 10:13 pm ET
Dec. 4 (Bloomberg) -- Indonesia can’t replicate the “high single digit” economic growth of China and India because of impediments to investment and high credit costs, according to Credit Suisse Group AG.
BofA bailout repayment puts pressure on Citi, Wells Fargo
Richmond Times-Dispatch - Fri Dec 4, 12:05 am ET
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. That’s because many banks, including Citi and Wells Fargo, still face big losses on loans as people fall behind on bills—losses that could further erode their capital and ...
Citigroup Tires of Waiting for Treasury
TheStreet.com - Fri Dec 4, 2:10 am ET
Citigroup's desire to pay back $20 billion of remaining bailout money is being held up by the Treasury Department's refusal to sell its 34% stake in the bank, a report says.
Bair Reprieve, Pension Plea, Citi-Wells TARP Exit: Compliance
Bloomberg - Fri Dec 4, 1:51 am ET
Dec. 4 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said she may give banks including Citigroup Inc. and JPMorgan Chase & Co. a reprieve from raising capital to support billions of dollars of securities that firms will have to bring onto their balance sheets.
Visa, MasterCard, AMEX Grilled Over Web Scams
Forbes - Fri Dec 4, 12:41 am ET
In an investigation of shady online fees, the U.S. Senate is focusing on card companies.
Early Glance: Finance companies
AP via Yahoo! Finance - 1 hour 20 minutes ago
NEW YORK (AP) -- Shares of some top finance companies are mixed at 10 a.m.: Bank of America fell $.02 or .1 percent, to $15.74. Citigroup rose $.01 or .2 percent, to $4.06. JPMorgan Chase rose $.96 or 2.3 percent, to $42.36.
Citigroup Among Banks Winning Short-Sale Case Ruling (Update1)
Bloomberg - Thu Dec 3, 11:45 am ET
Dec. 3 (Bloomberg) -- A federal appeals court upheld the 2007 dismissal of an antitrust lawsuit that accused about a dozen Wall Street firms including Citigroup Inc.