The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission.
Apple's recent statement that it may not introduce ARM-based Macs in the future has led CNET to believe that Apple's highly anticipated iPad 3 may arrive with a keyboard option.
A group of Brazil-based hackers took down the main corporate Web site of New York-based Citigroup on Friday, as the loosely associated collective continued its weeklong campaign of attacks on Web properties of major international banks. The public site of Brazil's central bank was also taken down.
The BSE Sensex was subdued on Friday as some profit-taking emerged after the index rose more than 3 percent in the last three sessions, and as weak Asian markets ahead of key U.S. jobs data dented investor sentiment.
Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
European shares steadied after hitting a six-month high on Thursday as strong gains in miners on merger talks between Xstrata (XTA.L) and Glencore (GLEN.L) were offset by a sell-off in defensives, with Unilever (ULVR.L) down on poor outlook.
The job cuts, if they go through, would be part of thousands of other cuts which financial institutions plan to make in the near future.
U.S. job cuts surged 28 percent in January to its highest level in four months as retailers and financial firms cut jobs.
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Mort Zuckerman, the venerable real estate developer and media mogul, has a taste for urbanism. He attributed the strong fourth quarter and 2011 for his real estate investment trust Boston Properties, Inc. (NYSE:BXP) to its focus on major cities.
Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Morgan Stanley is all set to trump Goldman Sachs in a deal to buy a brokerage seat in Indonesia from PT Tiga Pilar Sekuritas, five sources said, as the race to tap the growing financial market in Southeast Asia's biggest economy intensifies.
A unit of Citigroup must pay $500,000 to a former branch manager who alleged the company fired him because of his age, according to a decision by a Financial Industry Regulatory Authority arbitration panel.
Spain has the highest jobless rate in the euro zone (22.9 percent), while Austria has the lowest (4.1 percent).
Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
The top aftermarket NYSE gainers Friday were: Renren, RealD, US Airways Group, Kinder Morgan Management, Green Dot Corp, Medifast, Heckmann Corp, Magna International, Quicksilver Resources and Gannett Co.
Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
On the European currency, a mood of short-term relief tinged with longer-term doubt prevails among the world's movers and shakers at this year's World Economic Forum session in the Swiss Alps.
The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama's call for a unit to probe the finance industry's conduct leading up to the financial crisis.
If you weren't fortunate enough to snag the $332/month four-bedroom apartment in the Village, maybe you should consider songwriter Denise Rich's condo, which was recently put on the market for $65 million.
