CITIGROUP

Hong Kong Stocks Rise, China Trades Flat

Stock markets in China and Hong Kong advanced Wednesday on speculation that the People's Bank of China will cut interest rates soon to help the economy regain its growth momentum.

ECB To Keep Pressure On Governments, Could Signal Rate Cut

The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness to cut interest rates as early as next month given a weakening economy and Spain's banking troubles.

Debrahlee Lorenzana, The Lauren Odes of 2010 Fired For Being 'Too Sexy,' Speaks Out: ?I Ended Up Fighting Citibank On My Own?

Debrahlee Lorenzana, who was fired as a banker from Citibank in 2010 for being too sexy, spoke out about the similarities of her case with Lauren Odes', the woman fired from New York lingerie store Native Intimates for being too busty. Lorenzana revealed that she ended up fighting the suit, filed for similar discriminatory reasons, alone after lawyer Gloria Allred dropped her when the cameras stopped flashing.

BlackRock Buys Stake in Formula 1 Ahead of Singapore IPO

Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.

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Ally Financial's Mortgage Unit Reported To File Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
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Ally Financial's Mortgage Unit Reported Near Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
Futures Drop As JPMorgan Weighs On Banks

Futures Drop As JPMorgan Weighs On Banks

Stock index futures fell on Friday and were on track to extend the week's losses after JPMorgan Chase & Co revealed a shocking trading loss of at least $2 billion from a failed hedging strategy.
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Shock Of JPMorgan Loss Hits Stock Futures

Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.
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