Escape From Citigroup
Forbes - 57 minutes agoCan the U.S. collect its paper gain on Citigroup shares?
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Can the U.S. collect its paper gain on Citigroup shares?
NEW YORK (Xinhua) -- Wall Street rose on Thursday as improving economic data boosted market sentiment. A report from the Commerce Department showed that the U.S. trade deficit narrowed unexpectedly in October as the weak U.S. dollar helped boost exports.
Dec. 10 (Bloomberg) -- The U.S. House debated legislation today to toughen rules policing Wall Street after leaders quelled a Democratic revolt by members seeking to scale back states’ power to regulate national banks.
Dec. 10 (Bloomberg) -- A former Merrill Lynch & Co. broker was sentenced to four years of probation today for conspiring to sell day traders access to internal “squawk boxes.”
Better to be a banker in New York than Europe this bonus season.
Major U.S. stock indexes may be headed for new lows, says veteran technical analyst Alan R. Shaw, who predicts gold will reach $2,000 per ounce
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The House of Representatives began debating the most sweeping changes to financial regulation proposed since the Great Depression on Thursday, with lawmakers wrangling over late amendments.
The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, a bailout watchdog said Thursday.
Bank of America fell $.18 or 1.2 percent, to $15.21. Citigroup rose $.01 or .3 percent, to $3.87.
Treasury Secretary Timothy Geithner says that the government doesn't want banks to repay taxpayer support if that leaves them short on capital.
A comparision of recent residential sales by region and price range.
LONDON (SHARECAST) - US shares shrugged off unsavoury unemployment data to post good gains, helped by some well-received trade figures. The Dow Jones was up 68 points at 10,405, the S&P 500 gained 6 points to 1,102 and the NASDAQ closed up 7 points at 2,190.
Dec. 10 (Bloomberg) -- Treasury Secretary Timothy Geithner said the government is unlikely to recoup its investments in insurer American International Group Inc. or the automakers General Motors Co. and Chrysler Group LLC.
NEW YORK -(Dow Jones)- A former Merrill Lynch & Co. broker was sentenced to probation Thursday in a scheme to misuse brokerage firm "squawk boxes." At a hearing before U.S. District Judge John Gleeson in Brooklyn, N.Y.,
Dec. 10 (Bloomberg) -- U.S. stocks are in a bear market that may last until 2018 and benchmark indexes may set new lows, said Alan R. Shaw , the technical analyst who retired from Citigroup Inc. after 45 years with the bank and its predecessors.