Citigroup To Cut More Than 11,000 JobsCitigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
Citigroup CEO Vikram Pandit Announces Immediate ResignationVikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.
New York City Readies Bike Sharing Program To Be Largest In NationCity officials said Monday that the program will be the nation's biggest, featuring 10,000 rent-a-bikes and 600 bike docking stations.
NYC Judge Rejects SEC-Citigroup SettlementA federal judge in New York has struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets.
3-Day Rally Ends Thursday On Wall StreetThe Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
No Decisions Announced At New York Federal Reserve Meeting As Debt Ceiling Deadline Looms Executives from the country's biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday's deadline.
Bank Executives, Treasury Department Officials Meet At Federal Reserve To Discuss Debt CeilingThe Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.
Stocks Sink After S&P Issues Warning On U.S. DebtA warning from Standard & Poor's that the agency might lower its rating on U.S. government debt sent stocks on their worst slide in a month Monday.