Stocks decline as AIG reveals need for cash, oil surges NEW YORK (AP) _ Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the e...READ MORE
(NEW YORK)Shares of most diversified financial-services companies dropped on Friday, as investors' concerns increased about continuing fallout from the credit market crisis and rising oil pr...READ MORE
(NEW YORK)Citigroup expects to reduce about $400 billion in non-core assets over the next three years, as the largest U.S. bank seeks to boost efficiency and regain profitability.READ MORE
(NEW YORK)Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to de...READ MORE
(NEW YORK)Shares of diversified financial services were mixed Friday morning, as some investors looked past a wider-than-expected quarterly loss at insurer American International Group Inc. ...READ MORE
(NEW YORK)Shares of real estate investment trusts dropped early Friday as investors digested wider-than-expected losses at insurer American International Group Inc. and revenue news from Cit...READ MORE