Moody's, S&P keep Citigroup ratings in question Two ratings agencies did not consider the failure of Citigroup Inc. to buy Wachovia Corp.'s banking operations as enough reason to dispel their concerns about the bank's fiscal health. 10 Oct 2008
2.
Masafumi Yamamoto, currency strategist at Nikko Citigroup Reuters - "Investors continue to unwind their carry trade positions in emerging currencies against the dollar and the yen. That is supporting the dollar, as well." 10 Oct 2008
3.
Wells Fargo plans to buy Wachovia; Citi ends talks Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators but vowed to have its day in court. 09 Oct 2008
4.
Citibank cuts prime rate to 4.5 percent Citigroup Inc.'s banking subsidiary Citibank said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually moves in lockstep with the fed funds rate, which is now 1.5 percent. 09 Oct 2008
5.
Fed works toward an agreement on Wachovia Federal officials continued their fervent quest Wednesday to reach an agreement between Citigroup and Wells Fargo over the fate of Wachovia Corp.--which could include the splitting up of the bank. 08 Oct 2008
6.
India's Tata Consultancy buys Citi back office India's largest outsourcing firm, Tata Consultancy Services Ltd., is buying Citigroup's back office operations in India for $505 million in cash, the companies said Wednesday. 08 Oct 2008
Wachovia, Citigroup, Wells agree to standstill Wachovia, Citigroup and Wells Fargo on Monday agreed to a standstill of all formal litigation activity--a sign that the banks and the Federal Reserve are working feverishly to reach an agreement over the fate of Wachovia. 06 Oct 2008
9.
Citigroup sues Wachovia, Wells Fargo for $60B Citigroup Inc. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with the bank's planned takeover of Wachovia's banking operations. 06 Oct 2008
10.
Citigroup shares drop after it loses Wachovia deal Shares in Citigroup Inc. fell sharply Friday after the bank's deal to buy Wachovia Corp.'s banking assets for about $2.1 billion was trumped by an offer from Wells Fargo & Co. 03 Oct 2008
2.43%XLF 15.10 
10.30%QQQQ 31.32 
