NEW YORK (CNNMoney) - Short-term pain. Long-term gain. Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge …
KEYT1mon
WASHINGTON - The government says it will conduct a fourth round of sales of Citigroup common stock, its latest effort to recoup costs from the $700 billion financial bailout. The Treasury Department said today that it had given Morgan …
WASHINGTON -- The Treasury Department said Monday that its first sales of Citigroup stock will cover up to 1.5 billion shares. That would amount to about 20 percent of the 7.7 billion shares of Citigroup common stock that the …
BEIJING, PEOPLE'S REPUBLIC OF CHINA – From my vantage point here in Beijing this week, I find my mind drifting this morning closer to home and specifically back to Citigroup Inc. (C). Most retail investors purchase shares in a …
CHARLOTTE, N.C. – Shares of Citigroup Inc., once the nation’s most powerful bank, fell below $1 a share Thursday. The stock fell to 98 cents in late morning trading, down 15 cents or 14.2 percent from Wednesday. New York-based Citi has …
Instead, they converted the $25 billion in bailout bucks they had already given Citigroup into stock that investors will be able to buy. The Treasury Department also got big private investors, including the government of Singapore and Saudi …
How useful are stock ratings? A glitch at Citigroup spanning more than four years has given investors another reason to ask that question. The bank’s electronic feed distributed inaccurate analyst ratings to individual retail customers, …
Quartz1mon
This is not good for the market, and it’s long past time, I think, for that reverse stock split at Citigroup. It’s beyond silly for any company to have 28.5 billion shares outstanding; a one-for-10 split would overnight bring Citi volume down to ...
Big banks are taking huge hits to their profits because of the corporate tax cut. Citigroup posted a whopping $18.3 billion quarterly loss on Tuesday, after it took a one-time charge of $22 billion because of the tax cut. And its stock went up. …
WKTV1mon