CITIGROUP

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.

Shock Of JPMorgan Loss Hits Stock Futures

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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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BP Earnings Fall As Gulf Spill Costs Continue To Weigh

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.
US Banking System

How To Prevent Another US Bank Bailout

Regarding its banking system, the United States has now experienced its third generation of heads the banks win, tails the taxpayer and the public loses.? Is there a better way? Is it possible to create a bank that serves the people of the United States?
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Protesters picket Wells Fargo meeting, 24 arrested

Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.
Veladero gold mine

Gold Prices Rise, Then Hover Around $1,640

Gold prices steadied near $1,640 an ounce in Europe on Tuesday as a softer tone to the dollar arrested the previous session's slide, but traders largely stuck to the sidelines ahead of a key monetary policy meeting of the U.S. Federal Reserve.
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CVC Reported Near Deal To buy AlixPartners

Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.
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Parsons blames Citi vote on failure to communicate

Richard Parsons, who chaired the Citigroup Inc board that lost a shareholder vote this week on executive compensation, said on Thursday that directors had failed to adequately explain to investors the methods they used to determine pay packages.
Morgan Stanley CEO Gorman

Morgan Stanley 1Q Down But Beats Street

Morgan Stanley (NYSE: MS) on Thursday reported weaker first-quarter profit but still beat analyst expectations, which helped lift shares up more than 2 percent.
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Morgan Stanley beats estimates on strong trading

Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading on Thursday.
credit cards

Can You Have Too Many Credit Cards?

Vitaly Pecharsky, chief technology officer for the shopping site SlickDeals.net, is something of a credit card collector and has 40 active credit cards to show for his passion.
Bank of America reported better earnings on lower credit losses and strong trading performance

Bank of America Expected To Swing To Loss In 1Q

Bank of America (NYSE: BAC) is expected to report highly disappointing financial results Thursday morning, a development that -- as has been the case in the past -- will provide plenty of schadenfreude to the company's vociferous and numerous critics.
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Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises

Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.
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Goldman beats Street but dials back risk

Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank.

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