CITIGROUP

International Business Times Logo

Citigroup, Wells Fargo to pay back U.S.

Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago.

Geithner: TARP to earn healthy profit for U.S

International Business Times Logo
Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., Treasury Secretary Timothy Geithner said on Monday.
International Business Times Logo

US' Geithner: TARP to earn healthy profit for U.S

Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., U.S. Treasury Secretary Timothy Geithner said on Monday.
More news
International Business Times Logo

Dubai bailout, Exxon deal push Wall St to 14-month high

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.
International Business Times Logo

Obama takes bankers to task, demands results

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.
International Business Times Logo

Lloyds cash call success moves focus to turnaround

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.
International Business Times Logo

Obama to take bankers to task in meeting

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.
International Business Times Logo

Dubai bailout, Exxon's M&A deal lift shares

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.
International Business Times Logo

Citi to raise $17 billion to repay U.S., escape pay curbs

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.
International Business Times Logo

Citi to repay U.S. government funds

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.
International Business Times Logo

Wall St rises on Dubai bailout, Citi TARP deal

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.
International Business Times Logo

Citi to pay back U.S. government bailout

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.
International Business Times Logo

Lloyds gets 95 percent take-up for record cash call

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.
International Business Times Logo

Citi to pay back U.S. government funds

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.
International Business Times Logo

Wall St set to rise on Dubai bailout, Citi TARP deal

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.
International Business Times Logo

Daily Outlook - Dec 14

Bailout for Dubai; Citi Seeks Independence; CadburyBid Battle
International Business Times Logo

Dubai bailout, Citi TARP deal lift futures

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.
International Business Times Logo

Futures rise on Dubai bailout

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.
International Business Times Logo

Stock futures signal gains after Dubai bailout

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.
International Business Times Logo

Kelly in lead for BofA top job, pay an obstacle: report

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.

Pages

  • Prev
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • Next

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.