Stocks closed at 14-month highs on Monday as Abu Dhabi's $10 billion in aid to help Dubai avoid default eased concerns and a takeover deal by Exxon Mobil Corp raised optimism about mergers and acquisitions activity.
IBT Staff Reporter
Dec 14, 2009
President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and get behind financial reforms.
IBT Staff Reporter
Dec 14, 2009
Lloyds completed a record 13.5 billion pound ($21.9 billion) rights issue on Monday, ending a turbulent period for the bank and shifting investor focus to a potential government stake sale in 2010.
IBT Staff Reporter
Dec 14, 2009
President Barack Obama planned to get tough with executives from top U.S. banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.
IBT Staff Reporter
Dec 14, 2009
U.S. stocks gained on Monday on relief that Abu Dhabi's $10 billion aid would help neighboring Dubai avoid default, and a takeover deal by oil and gas giant Exxon Mobil Corp fed optimism about the growth of mergers and acquisitions.
IBT Staff Reporter
Dec 14, 2009
Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
IBT Staff Reporter
Dec 14, 2009
President Barack Obama may have some tough words for executives of Goldman Sachs, Citigroup and other financial firms when he meets with them on Monday.
IBT Staff Reporter
Dec 14, 2009
Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.
IBT Staff Reporter
Dec 14, 2009
Abu Dhabi's $10 billion move to help neighboring Dubai avoid default and a deal by Citigroup Inc to pay back U.S. government funds helped U.S. stocks rise in early Monday trading.
IBT Staff Reporter
Dec 14, 2009
Citigroup has struck a deal with U.S. regulators to repay $20 billion of government bailout funds, allowing the bank to exit the TARP program in 2010.
IBT Staff Reporter
Dec 14, 2009
Lloyds has completed a record 13.5 billion pound ($21.9 billion) rights issue, ending a turbulent period for the British bank and shifting investor focus to a potential government stake sale in 2010.
IBT Staff Reporter
Dec 14, 2009
Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.
IBT Staff Reporter
Dec 14, 2009
Wall Street was set to rise at the open on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
IBT Staff Reporter
Dec 14, 2009
Corrects second bullet point, fifth paragraph to make clear premium is pence not percent
IBT Staff Reporter
Dec 14, 2009
Bailout for Dubai; Citi Seeks Independence; CadburyBid Battle
IBT Staff Reporter
Dec 14, 2009
Corrects 4th paragraph to show Citigroup Chairman Dick Parsons, not CEO Vikram Pandit, is due to met Obama
IBT Staff Reporter
Dec 14, 2009
Citigroup today announced it will raise $20.5 billion in capital, mostly in common stock, after reaching an agreement with the U.S. to pay back a $20 billion bailout investment.
IBT Staff Reporter
Dec 14, 2009
U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
IBT Staff Reporter
Dec 14, 2009
U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back U.S. government funds.
IBT Staff Reporter
Dec 14, 2009
Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.
IBT Staff Reporter
Dec 14, 2009
Citigroup is nearing a deal with the U.S. government that would allow it to pay back its bailout money, several reports said on Sunday.
IBT Staff Reporter
Dec 13, 2009
Bank of New York Mellon Corp Chief Executive Robert Kelly is the front-runner to succeed retiring Bank of America Corp CEO Kenneth Lewis, but compensation issues could get in the way of a deal, the Wall Street Journal said on Sunday, citing people familiar with the situation.
IBT Staff Reporter
Dec 13, 2009