Citigroup Inc. said Wednesday it is selling a huge chunk of its stock at a steep discount to raise the cash it needs to repay bailout funds and free itself from government support.
Two senators, one from each party, called Wednesday for breaking up large financial firms that perform both commercial and investment banking, adding a wrinkle to already difficult talks in the Senate on how to regulate Wall Street.
Barack Obama came to office with members of his administration quoting the adage of Paul Romer, the economist: "A crisis is a terrible thing to waste." But it has wasted the financial crisis.
Mark Vitner of Wells Fargo Securities has a 'hunch' the Federal Reserve will resume rate hikes late next summer. But he doesn't think the Fed will broadcast their plans ahead of time.
Federal regulators voted Wednesday to require companies to reveal more information about how they pay their executives amid a public outcry over compensation.
NEW YORK----Wall Street Media presents an exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities . In the following video, Rich explains the major highlights of what to watch out for in 2010.
Citi Equity Deal May Get Rocky Reception Citi may fetch as little as $3.25 per share as part of its effort to repay the government's $20 billion TARP investment.
Federal regulators have moved to require companies to reveal more information about how they pay their top executives amid a public outcry over compensation.
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