Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign that investors are still nervous about the banking giant's ability to regain its financial health.
About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming "shadow inventory" of homes that will be put up for sale in the coming years and weigh down prices, a report said Thursday.
Discover Financial Services on Thursday joined other major lenders in reporting more losses on credit card loans as Americans continue to struggle to pay off their debts.
Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign that investors are still nervous about the banking giant's ability to regain its financial health.
Citigroup Inc shares fell sharply on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.
Shares of leading U.S. bank Citigroup fell 8% Thursday in pre-open trading as investors expressed dismay at the low price the company was able to get for a secondary share offering, as well as concern about the offering's dilutive effect on shareholders.
Wells Fargo and SunPower Corp. today announced that financing has been completed on the 1-megawatt solar power system commissioned last month at the University of California, Merced.
In a striking reversal of its attempts to unwind the government's financial stakes in big banks, the Treasury Department has backed out of plans to sell its 34 percent stake in Citigroup Inc.
In a striking reversal of its attempts to unwind the government's financial stakes in big banks, the Treasury Department has backed out of plans to sell its 34 percent stake in Citigroup Inc.
In a striking reversal of its attempts to unwind the government's financial stakes in big banks, the Treasury Department is backing out of plans to sell its 34 percent stake in Citigroup Inc.
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