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 …
NEW YORK — Shares of Citigroup Inc., once the nation's most powerful bank, fell below $1 Thursday. The stock rebounded to close at $1.02, down 11 cents, or 9.7 percent. Still, New York-based Citigroup's stock has lost more …
Shares of Citigroup traded below the $1 mark for the first time in the company's history. The financial services company used to be worth $57 a share. If it can't get its share price back above $1, it eventually will be de-listed from the stock
WASHINGTON — The Treasury Department said Wednesday it raised $6.2 billion from the sale of 1.5 billion shares of Citigroup stock it received as part of the federal rescue of the bank. The government sold the shares at a profit as it …
Citigroup Inc. will resume paying a nominal dividend after it uses a reverse stock split to shrink the number of shares outstanding, taking a small step in its recovery from the financial crisis. Citigroup will pay a quarterly dividend of a …
Shares of Citigroup Inc. shed 0.5% in morning trade Wednesday, after UBS did an about-face on the banking giant, flipping to bearish from bullish, amid concerns over how new protectionist policies may affect Citigroup's global …
WASHINGTON (AP) — The Treasury Department said it will sell 1.5 billion shares of Citigroup stock over the next two months, the latest effort to recoup money from the government’s $700 billion financial bailout. The third phase of …
NEW YORK, Nov 19 (Reuters) - Citigroup Inc (C.N) faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second …
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 …
NEW YORK - Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign investors are still nervous about the banking giant's ability to regain its financial health. On Wednesday, Citigroup Inc. said it would sell 5.4 …