WASHINGTON — The Treasury Department said Monday that it plans to sell up to 1.5 billion shares of Citigroup stock, its latest move to unwind the support it provided big banks during the financial crisis. The sales, which amount to about …
Morgan Stanley said its first-quarter profit rose 40%, following other big Wall Street banks that got a boost from lower taxes and more-active markets. Morgan …
The U.S. Department of the Treasury Monday said it would provide Morgan Stanley (MS), Treasury's sales agent, with discretionary authority to sell up to 1.5 billion shares of financial services firm Citigroup's (C) common stock under …
NEW YORK (Reuters) - One-third of the 150 employees fired in Citigroup's investment bank this week were in the cash equities unit, which had been struggling with an industrywide decline in trading volumes, two people familiar with the …
NEW YORK - Citigroup Inc. Chairman and Chief Executive Officer Sanford I. Weill, the highest-paid Wall Street executive, told directors he'll forgo a bonus because of a 25 percent decline in the company's share price last year. Weill instead …
Citigroup Inc., one of the worst-hit banks during the financial crisis, is taking more steps to get back in the good graces of shareholders. The bank will reinstate a quarterly dividend, albeit just a penny per share, and reduce the amount of …
With good news comes bad news. Apple announced that it sold 2 million iPhone 5s in its debut in China, but the company’s stock fell below $500 for the first time since February this morning following a downgrade to neutral by …
Citigroup chief executive Sandy Weill pulled in $224.9 million of compensation and stock option value last year -- not quite beating his personal best -- and got more options that might be worth $99.2 million in the future. Weill's pay in …
Shares of Citigroup Inc., once the most powerful U.S. bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2% from Wednesday. New York-based Citi has lost more than 85% of its …
(Reuters) - Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market …