Citigroup Inc

A prominent fundraiser for top Democratic candidates in 2008 including President Barack Obama has pleaded guilty to defrauding three banks of $292 million.  

With 30 bank failures already in the books for 2010 and more regulation on the way, is now the time for investors to be buying the financial stocks? David Ellison, portfolio manager at FBR, shared his sector insights. "We saw the problems we had with not enough regulation, so a little regulation is in order," Ellison told CNBC.

We saw the problems we had with not enough regulation, so a little regulation is in order   -David Ellison

 

The financial sector was one of the hardest areas of the economy in 2008 and early 2009, as years of excessive risk taking finally resulted in a meltdown that spurred several unprecedented emergency measures and set off one of the worst recessions in a generation. Since bottoming out last March, however, financials have surged higher, leading the way during the recovery effort (see the Top Ten ETF Performers Since The Market Bottom ). While many financial ETFs remain well below pre-recession highs, they h  

The US Treasury Department blanked out the names of Citigroup Inc executives who negotiated bailout terms in late 2008 after the bank expressed concern that they might be harassed, Bloomberg said. The names were blacked out from the documents and emails released to Bloomberg News in response to an August Freedom of Information Act request tied to the company's bailout by the US government, the news agency said. Many of the documents detail "back-and-forth" negotiations between Citigroup executives and

If this information were to find its way into the hands of Citigroup's competitors, which I presume would occur if these documents were disclosed to a FOIA requester, those competitors would gain valuable insights into Citigroup's strategies   -Bloomberg

 

As part of Citibank's "Our Promise to New York " events, the bank will host a Kids Day at Citi Field on Saturday, March 20 from 11:00am to 2:00pm . Kids Day at Citi Field will continue Citi's tradition of making the ballpark accessible for special experiences for children and the community. "Our Promise to New York " is an effort the bank launched last fall to reinforce its strong and ongoing commitment to the five boroughs, through extended branch hours, special events and partnerships with local communi

The Mets and Citi share a commitment to our hometown and this is the latest in a series of initiatives that began last year   -Dave Howard

 

 

 

After more than six decades as a sceptic of big government, the former Federal Reserve chairman, 84, is gingerly suggesting that perhaps regulators should help rein in giant financial institutions by requiring them to hold more capital. Dr Greenspan, once celebrated as the "maestro" of economic policy, has seen his reputation dim after failing to avert the credit bubble that nearly brought down the financial system. In a 48-page paper that is by turns analytical and apologetic, he is calling for greater