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 …
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 …
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 …
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 …