CITIGROUP

Citi names Tague M&A co-head

Citigroup Inc has appointed Peter Tague, a veteran of its investment banking operation based in New York, as co-head of its global mergers and acquisitions group as it seeks to bolster its market share in landmark and cross-border transactions.

Court OK Of $25 Billion Mortgage Deal To Be Sought Monday

The $25 billion settlement between five large U.S. banks accused of abusive mortgage practices on the one side and federal and state government officials on the other side that was announced Feb. 9 will be filed in federal court on Monday, people familiar with the matter said.

BofA in side deal with government on mortgage foreclosures: WSJ

Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street Journal said.

Citi CEO Pandit's 2011 pay soars to $14.9 million

Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee.

ECB Keeps Interest Rates The Same: 1.0%

The European Central Bank held interest rates at 1.0 percent for the third month running on Thursday, pausing to assess the impact of a dramatic sweep of measures that has unsettled some at the bank.

Facebook Adds 25 more Underwriters for IPO

Facebook Inc added 25 banks to help underwrite the company's initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.

Senators to Hear Pitch for Tougher Cyber Security

Top U.S. officials are set to push for tougher cyber-security measures to protect the nation's water, electrical and telecommunications grid at a closed-door meeting with senators on Wednesday evening, congressional and White House staffers said.

Treasury Selling $6B In AIG Stock

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.

Pages

IBTimes Logo

Lehman emerges from bankruptcy

Lehman Brothers Holdings Inc's record $639 billion bankruptcy ended on Tuesday, clearing the way for it to start distributing about $65 billion to creditors starting on April 17, court documents show.
IBTimes Logo

Lehman emerges from bankruptcy

Lehman Brothers Holdings Inc's record $639 billion bankruptcy ended on Tuesday, clearing the way for it to start distributing about $65 billion to creditors starting on April 17, court documents show.
Lihir Gold Mine

Gold Down 2% after Breaking below 200-Day Moving Avg

Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.
Crushed ore facility

Gold Falls More Than 1%, Falls Below $1,690

Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
EDITOR'S PICK