Citibank Hacked, 200K Customer Accounts Exposed
Banking giant Citibank has confirmed that credit card data of about 200,000 North American customers have been hacked, the latest in a string of cyber attacks.
Hackers reign; Citigroup confirms security breach
Citigroup confirmed a security breach at Citi Account Online, which was discovered by the authorities recently during a routine monitoring. The names, account numbers and contact information, including email addresses of the customers have been compromised. More critical information like date of birth, social security numbers, card expiration date and card security code (CVV) have not been accessed by the hackers, Citi said.
Citi confirms data breach
Citigroup confirmed on Thursday that unidentified hackers breached security and have viewed some of its credit-card customers' account information in the U.S.
Hackers gain access to Citi online customer data
A computer breach might have given hackers access to the data of hundreds of thousands of bank card customers, Citigroup Inc confirmed on Thursday.
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Goldman may seek to counter Senate findings: report
Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.
Goldman may release papers to counter report: report
Goldman Sachs Group Inc could release documents to counter a Senate subcommittee report that said the bank misled clients about mortgage-linked securities, the Wall Street Journal reported, citing people familiar with the matter.
Citi shuts down $400 million proprietary hedge fund: report
Citigroup Inc shut down a $400 million hedge fund that used the bank's money and mathematical models to bet on stocks, in the wake of new regulations aimed at stopping proprietary trading, Bloomberg reported, citing a person familiar with the matter.
Top UBS investment bankers defect to Citi
Two of top UBS AG investment bankers, Cary Kochman and Jim Glerum, have left the firm to join Citigroup , yet another blow to the investment bank grappling with an exodus of senior dealmakers.
Pre-market movers on May 31(ADI, EXK, HIG, FOE, DOW, GME, WFR, NVDA, APC, CCL, MOS)
The companies whose shares are moving in pre-market trade on Tuesday are: Analog Devices, Endeavour Silver, Hartford Financial, Ferro Corp, Dow Chemical, Gamestop Corp, MEMC Electronic Materials, Nvidia Corp, Anadarko Petroleum Corp, Carnival Corp and Mosaic Co.
Nervous investors to seek bigger returns
The world looks a lot more dangerous than it did only a few months ago and signs are that U.S. stock investors are starting to demand more for the added risk.
Nervous investors demand bigger returns
The world looks a lot more dangerous than it did only a few months ago and signs are that U.S. stock investors are starting to demand more for the added risk.
Microsoft not too late for tablet party: Citigroup
Microsoft is still not too late for the tablet party. And with its Next operating system closer than most expect, the software maker could corner meaningful market share in 2013 and beyond, Citigroup said.
Post-Market NASDAQ Movers (AATI, SEAC, RUE, MRVL, SABA, GMAN, BCSI, OVTI, THQI, CNTF)
The top after-market NASDAQ Stock Market gainers are: Advanced Analogic Technologies, SeaChange International, rue21, Marvell Technology Group, and Saba Software. The top after-market NASDAQ Stock Market losers are: Gordmans Stores, Blue Coat Systems, OmniVision Technologies, THQ, and China Techfaith Wireless Communication Technology.
Citi seeks to keep $1 billion Lehman collateral
Citigroup Inc on Thursday sought to dismiss an effort by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was teetering on bankruptcy in the fall of 2008.
Do Higher Interest Rates Always Hurt The Gold Price?
The evidence from China, for example, suggests that while higher rates certainly have the potential to dent gold demand, far more important drivers are inflation and growth. China's experience may not be typical, but it's certainly worth examining. China is the world's second biggest gold market after India.
Top lobbying banks got biggest bailouts: study
The more aggressively a bank lobbied before the financial crisis, the worse its loans performed during the economic downturn -- and the more bailout dollars it received, according to a study published by the National Bureau of Economic Research this week.
Google Wallet unveiled today at Google's media event in New York City
Google Wallet, a mobile payment system on Android-based Sprint smartphones, is expected to be unveiled at a media event in Google's New York office, at 12 p.m. today.
Google sets sights on mobile payment enabled Androids
Google will unveil a new payment system tomorrow, a move the company hopes will pit the search-giant against companies like Visa and Mastercard.
Google, Sprint to Launch the First Mobile Payment System, May 26
Google will unveil a mobile payment system on Thursday, May 26th, and it will run on the Android operating system available on Sprint Nexus S phones.
Citi hires Trip Wolfe as venture capital banker: memo
Citigroup Inc has hired Trip Wolfe to head venture capital coverage for North America within the bank's technology, media and telecoms group, according to an internal memo obtained by Reuters on Thursday.
Pre-Market NASDAQ Movers (GLUU, PETM, EXEL, LRCX, DLTR, SMT, MPEL, MBLX, KLAC, YONG, AMAT, INTC)
The top pre-market NASDAQ Stock Market gainers are: Glu Mobile, PetSmart, Exelixis, Lam Research, and Dollar Tree. The top pre-market NASDAQ Stock Market losers are: Smart Technologies, Melco Crown Entertainment, Metabolix, KLA-Tencor, Yongye International, Applied Materials, and Intel.
Citi awards Pandit over $16 million retention bonus
Citigroup Inc has awarded Chief Executive Vikram Pandit a $16.7 million retention bonus, plus stock options -- a far cry from the $1 salary he took during part of the financial crisis.
Citi gives Pandit $16.6 million retention bonus
Citigroup Inc has awarded Chief Executive Vikram Pandit over $16.6 million in deferred compensation plus stock options as a retention bonus, a far cry from the $1 salary he took in response to the financial crisis.
Top 10 investment bank revenues down in Q1: study
Revenues at the world's biggest investment banks fell 5 percent to $52 billion in the first quarter of 2011, hit by Middle Eastern unrest, natural disasters, volatile commodities and economic uncertainty, a consultancy said in a report on the industry.
Pre-market movers on May 17 (VFC, DPZ, SKS, CLF, CCL, DO, PLOW, HPQ, WNR, FENG)
The companies whose shares are moving in pre-market trade on Tuesday are: VF Corp, Domino's, Saks, Cliffs Natural Resources, Carnival, Diamond Offshore Drilling, Douglas Dynamics, Hewlett-Packard, Western Refining and Phoenix New Media Ltd.
Oppenheimer's Top Stocks for May (V, QCOM, BRCM, C, CHKP, CMCSA, MRO, CI)
Following are the Oppenheimer's top equity ideas for May. The stocks are based on their view of the company's fundamentals in the context of current market conditions.
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