http://www.mail.com/companies/14938-citigroup-inc.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/companies/14938-citigroup-inc.html http://www.mail.com/business/finance/2091124-cftc-adopts-weakened-rule-derivatives-trading.html WASHINGTON (AP) — A rule intended to loosen the largest U.S. banks' control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators. Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market. The Commodity Futures Trading Commission ap... Thu, 16 May 2013 21:23:52 GMT http://www.mail.com/business/finance/2091124-cftc-adopts-weakened-rule-derivatives-trading.html 2013-05-16T21:23:52Z http://www.mail.com/business/economy/2071910-mexico-seeks-easier-foreclosures-cheaper-loans.html MEXICO CITY (AP) — Mexico's government proposed a sweeping overhaul of the banking sector Wednesday to make credit cheaper and more available, a move desperately needed in a country where bank loans represent less than 20 percent of GDP — one-tenth the level seen in the United States. The plan would encourage banks to compete and lend more, create incenti... Thu, 09 May 2013 01:07:57 GMT http://www.mail.com/business/economy/2071910-mexico-seeks-easier-foreclosures-cheaper-loans.html 2013-05-09T01:07:57Z http://www.mail.com/business/economy/2027888-morgan-stanley-cfo-companies-very-cautious.html NEW YORK (AP) — After getting bludgeoned in the financial crisis, Morgan Stanley is staking its future on the steadier, if less spectacular, business of wealth management. In the first quarter, the strategy looked prudent: Profit and revenue soared in wealth management, even as they dipped in investment banking. The wealth management unit generated more f... Thu, 18 Apr 2013 22:43:11 GMT http://www.mail.com/business/economy/2027888-morgan-stanley-cfo-companies-very-cautious.html 2013-04-18T22:43:11Z http://www.mail.com/business/economy/2022718-goldman-cfo-very-close-to-crisis.html NEW YORK (AP) — Goldman Sachs reported what seemed like a good first quarter, but analysts were more concerned about the bank's future than the past three months. They peppered the chief financial officer with questions about impending regulations, and investors sent Goldman's stock down even as other banks rose. By the numbers, it was a decent quarter. P... Tue, 16 Apr 2013 21:35:57 GMT http://www.mail.com/business/economy/2022718-goldman-cfo-very-close-to-crisis.html 2013-04-16T21:35:57Z http://www.mail.com/business/economy/2020536-falling-commodities-dow-worst-day-year.html NEW YORK (AP) — Worries about an economic slowdown in China fueled a steep drop in commodity prices Monday, spooking investors and giving the stock market its worst day of the year. The trigger for the sell-off came from China, where the world's second-largest economy expanded 7.7 percent in the first three months of the year, well below forecasts of 8 pe... Mon, 15 Apr 2013 23:07:49 GMT http://www.mail.com/business/economy/2020536-falling-commodities-dow-worst-day-year.html 2013-04-15T23:07:49Z http://www.mail.com/business/economy/2020298-citigroup-execs-sound-cautious-note.html NEW YORK (AP) — Citigroup isn't convinced the economy is back. The bank on Monday announced strong first-quarter results, but executives were more cautious than celebratory. Though they didn't declare victory, they appeared to have reason to: Citigroup's investment bank advised more companies on mergers and acquisitions; its retail bank wrote more mortgag... Mon, 15 Apr 2013 23:00:19 GMT http://www.mail.com/business/economy/2020298-citigroup-execs-sound-cautious-note.html 2013-04-15T23:00:19Z http://www.mail.com/scitech/health/2010906-agency-by-agency-guide-to-obamas-2014-budget.html WASHINGTON (AP) — President Barack Obama has proposed a $3.8 trillion budget for fiscal 2014 that aims to slash the deficit by a net $600 billion over 10 years, raise taxes and trim popular benefit programs, including Social Security and Medicare. The White House claims deficit reductions of $1.8 trillion, but Obama's proposal would negate more than $1 trillion in automatic ... Wed, 10 Apr 2013 23:41:12 GMT http://www.mail.com/scitech/health/2010906-agency-by-agency-guide-to-obamas-2014-budget.html 2013-04-10T23:41:12Z http://www.mail.com/business/economy/2011768-banks-those-who-received-fed-minutes-early.html WASHINGTON (AP) — Employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive market-sensitive information from the Federal Reserve a day early, according to an email list provide by the Fed on Wednesday. The Fed said early Wednesday that minutes from the March 19-20 policy meeting were inadvertently emailed to ... Wed, 10 Apr 2013 21:47:15 GMT http://www.mail.com/business/economy/2011768-banks-those-who-received-fed-minutes-early.html 2013-04-10T21:47:15Z http://www.mail.com/business/economy/1987560-banks-win-dismissal-rate-rigging-claims.html NEW YORK (AP) — A group of banks including Bank of America and JPMorgan Chase have won dismissal of most of the claims in private lawsuits alleging that they rigged a key interest rate. U.S. District Judge Naomi Reice Buchwald in New York dismissed antitrust claims brought against the banks by a group of plaintiffs that included the City of Baltimore and ... Fri, 29 Mar 2013 23:58:44 GMT http://www.mail.com/business/economy/1987560-banks-win-dismissal-rate-rigging-claims.html 2013-03-29T23:58:44Z http://www.mail.com/business/economy/1967688-freddie-accuses-big-banks-rigging-lending-rate.html WASHINGTON (AP) — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday in federal court in Alexandria, Va. It names the banks that set the London interban... Wed, 20 Mar 2013 18:09:25 GMT http://www.mail.com/business/economy/1967688-freddie-accuses-big-banks-rigging-lending-rate.html 2013-03-20T18:09:25Z http://www.mail.com/business/economy/1964484-citigroup-to-pay-730-to-settle-lawsuit.html NEW YORK (AP) — Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosures when they purchased its debt and preferred stock. The investors' purchases were made from May 11, 2006 through Nov. 28, 2008. Citigroup Inc. denied the allegations and said in a statement late Monday that i... Tue, 19 Mar 2013 11:50:09 GMT http://www.mail.com/business/economy/1964484-citigroup-to-pay-730-to-settle-lawsuit.html 2013-03-19T11:50:09Z http://www.mail.com/business/economy/1957744-citigroup-pays-ceo-corbat-124m-2012.html NEW YORK (AP) — Citigroup awarded its new CEO, Michael Corbat, a total of $12.4 million last year. That's 17 percent less than the $14.9 million his predecessor, Vikram Pandit, received in 2011. But Corbat, who replaced Pandit in October, was only in the top job for three months last year. Citigroup paid Pandit a total of $9.5 million in 2012. Before repl... Fri, 15 Mar 2013 18:21:55 GMT http://www.mail.com/business/economy/1957744-citigroup-pays-ceo-corbat-124m-2012.html 2013-03-15T18:21:55Z http://www.mail.com/business/finance/1955524-fed-jpmorgan-goldman-better-capital-plans.html NEW YORK (AP) — JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday, giving the banks until September to revise them. The announcement came as part of the Fed's so-called "stress tests," its annual check-up of 18 of the country's big banks. The government runs the tests to see how the ba... Fri, 15 Mar 2013 01:18:11 GMT http://www.mail.com/business/finance/1955524-fed-jpmorgan-goldman-better-capital-plans.html 2013-03-15T01:18:11Z http://www.mail.com/business/economy/1939250-fed-17-18-top-us-banks-strengthened.html WASHINGTON (AP) — All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the 2008 financial crisis, the Federal Reserve says. Results of the Fed's annual "stress tests" showed Thursday that as a group, the 18 banks hold fewer bad loans compared with last year, thanks... Fri, 08 Mar 2013 01:46:31 GMT http://www.mail.com/business/economy/1939250-fed-17-18-top-us-banks-strengthened.html 2013-03-08T01:46:31Z http://www.mail.com/business/finance/1933848-dow-hits-record-erasing-great-recession-losses.html NEW YORK (AP) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and reached a new high. The blue-chip index rose 1... Wed, 06 Mar 2013 05:07:24 GMT http://www.mail.com/business/finance/1933848-dow-hits-record-erasing-great-recession-losses.html 2013-03-06T05:07:24Z http://www.mail.com/business/finance/1917732-jpmorgan-to-scale-troubled-mortgage-jobs.html NEW YORK (AP) — JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed up to handle troubled mortgages. The bulk of the cuts, about 15,000, will come at the mortgage unit, which had swelled to about 50,000 workers from a pre-financial crisis roster of 20,000 because the ban... Wed, 27 Feb 2013 00:00:08 GMT http://www.mail.com/business/finance/1917732-jpmorgan-to-scale-troubled-mortgage-jobs.html 2013-02-27T00:00:08Z http://www.mail.com/business/economy/1916362-us-4q-bank-earnings-up-37-pct-lending-rises.html WASHINGTON (AP) — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry's sustained recovery more than four years after the financial crisis. Banks earned $34.7 billion in the last thr... Tue, 26 Feb 2013 18:40:01 GMT http://www.mail.com/business/economy/1916362-us-4q-bank-earnings-up-37-pct-lending-rises.html 2013-02-26T18:40:01Z http://www.mail.com/business/economy/1905856-5-big-us-banks-cut-mortgage-debt-19b.html WASHINGTON (AP) — Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. More than 550,000 borrowers received some form of mortgage relief between March 1 and Dec. 31, 2012, according to a report issued Thursday b... Thu, 21 Feb 2013 18:25:47 GMT http://www.mail.com/business/economy/1905856-5-big-us-banks-cut-mortgage-debt-19b.html 2013-02-21T18:25:47Z http://www.mail.com/business/economy/1885568-ceo-scandal-ridden-uk-bank-sets-tone.html LONDON (AP) — Be honest. Or be gone. That's the message from the new chief executive at Barclays, the British bank that paid a $453 million fine for manipulating a key global interest rate. As he tried to put a brave face on 3,700 new job cuts and growing financial losses, CEO Anthony Jenkins said Tuesday that ethics matter as much as a given quarter's bo... Tue, 12 Feb 2013 15:19:00 GMT http://www.mail.com/business/economy/1885568-ceo-scandal-ridden-uk-bank-sets-tone.html 2013-02-12T15:19:00Z http://www.mail.com/business/economy/1871892-fines-levied-rbs-rate-fixing-scandal.html LONDON (AP) — Britain's Royal Bank of Scotland became the third major bank to be caught up in a global probe of interest rate manipulation Wednesday, but what makes the $610 million fine against the lender so remarkable is how it will be paid: by the bankers themselves. Because RBS is 80 percent owned by the British government, which bailed it out during ... Wed, 06 Feb 2013 19:39:00 GMT http://www.mail.com/business/economy/1871892-fines-levied-rbs-rate-fixing-scandal.html 2013-02-06T19:39:00Z http://www.mail.com/business/economy/1860066-lender-processing-paying-121m-to-resolve-claims.html One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The settlement agreements between Lender Processing Services Inc., based in Jacksonville, Fla., and 46 states and the District of Columbia were annou... Thu, 31 Jan 2013 19:46:00 GMT http://www.mail.com/business/economy/1860066-lender-processing-paying-121m-to-resolve-claims.html 2013-01-31T19:46:00Z http://www.mail.com/scitech/news/1855658-ibm-sends-watson-to-ny-college-to-boost-skills.html TROY, N.Y. (AP) — Watson, the supercomputer famous for beating the world's best human "Jeopardy!" champions, is going to college. IBM is announcing Wednesday that it will provide a Watson system to Rensselaer Polytechnic Institute, the first time the computer is being sent to a university. Just like the flesh-and-blood students who will work on it, Watson... Wed, 30 Jan 2013 10:07:00 GMT http://www.mail.com/scitech/news/1855658-ibm-sends-watson-to-ny-college-to-boost-skills.html 2013-01-30T10:07:00Z http://www.mail.com/business/economy/1853506-israel-central-bank-chief-to-step-june.html JERUSALEM (AP) — The governor of Israel's central bank, widely credited with steering the nation's economy safely through years of world financial turmoil, resigned Tuesday. In a brief statement, the Bank of Israel said governor Stanley Fischer informed Prime Minister Benjamin Netanyahu that he will step down on June 30. It gave no explanation for the dep... Tue, 29 Jan 2013 17:27:00 GMT http://www.mail.com/business/economy/1853506-israel-central-bank-chief-to-step-june.html 2013-01-29T17:27:00Z http://www.mail.com/business/finance/1844364-obama-picks-prosecutor-to-head.html WASHINGTON (AP) — President Barack Obama sent his strongest signal yet Thursday that he wants the government to get tougher with Wall Street, appointing a former prosecutor to head the Securities and Exchange Commission for the first time in the agency's 79-year history. Mary Jo White, former U.S. attorney in Manhattan, has an extensive record of prosecut... Thu, 24 Jan 2013 21:11:00 GMT http://www.mail.com/business/finance/1844364-obama-picks-prosecutor-to-head.html 2013-01-24T21:11:00Z http://www.mail.com/business/economy/1843422-uk-judge-rejects-barclays-libor-anonymity-bid.html LONDON (AP) — A British court has rejected an attempt by Barclays to shield the names of more than 100 present and former employees of the bank allegedly involved in manipulating a key interest rate index or who for other reasons came to the attention of investigators. Justice Julian Flaux ruled Thursday that granting anonymity would be an "affront to the... Thu, 24 Jan 2013 18:38:00 GMT http://www.mail.com/business/economy/1843422-uk-judge-rejects-barclays-libor-anonymity-bid.html 2013-01-24T18:38:00Z http://www.mail.com/business/economy/1829568-morgan-stanleys-profit-surges-stock-soars.html NEW YORK (AP) — Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement. Earnings increased sharply across the bank's business lines, and its stock jumped. Morgan Stanley's investment bank underwrote more stock and bond ... Fri, 18 Jan 2013 22:07:00 GMT http://www.mail.com/business/economy/1829568-morgan-stanleys-profit-surges-stock-soars.html 2013-01-18T22:07:00Z http://www.mail.com/business/economy/1830994-what-to-watch-earnings-news-rolls.html With fourth-quarter earnings seasons hitting its stride, investors are returning to the familiar comfort of cold, hard numbers — the press releases, conference calls and spreadsheets that provide a real view of corporate America's performance. Trading has been dominated for months by speculation about news events: Washington's perpetual state of gridlock,... Fri, 18 Jan 2013 21:02:00 GMT http://www.mail.com/business/economy/1830994-what-to-watch-earnings-news-rolls.html 2013-01-18T21:02:00Z http://www.mail.com/business/economy/1830650-hsbc-to-pay-249m-to-settle-foreclosure-abuse-case.html WASHINGTON (AP) — British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The agreement with the Federal Reserve and the Office of the Comptroller of the Currency is similar to deals with 12 other banks that ended a review of loan f... Fri, 18 Jan 2013 19:37:00 GMT http://www.mail.com/business/economy/1830650-hsbc-to-pay-249m-to-settle-foreclosure-abuse-case.html 2013-01-18T19:37:00Z http://www.mail.com/business/economy/1826334-asia-stocks-rise-us-china-economies-improve.html BANGKOK (AP) — Asian stock markets rose Friday after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors to plunge back into equities. Strong reports on housing starts and jobs released late Thursday in the U.S. sent Wall Street higher, despite disappointing earnings from Bank of America and Citig... Fri, 18 Jan 2013 03:58:00 GMT http://www.mail.com/business/economy/1826334-asia-stocks-rise-us-china-economies-improve.html 2013-01-18T03:58:00Z