Citigroup and UBS AG will buy back close to $30 billion in risky auction-rate securities that regulators said the banks marketed as safe. The AP's Mark Hamrick reports. (Dec. 11)
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Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics before it's too late. (Nov. 17)
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In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp. (Sept. 29)
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Banking giant Citigroup will get billions more in bailout money due in part to its size and the adverse effects of its failure in what some economists have called "a broken economy," reports Jeff Glor.
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Citi's Market Value Dove by $100 Billion Under Current Chairman Vikram Pandit; Citi's Losses and Writedowns Have Increased to $70 Billion; According to Citigroup Lead Director Richard Parsons, Falling Asset Values May Lead to More Writedowns
Guinness plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013. (May 9)
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Wachovia Cut to "Underperform" at Merrill Lynch on More Potential Credit Losses and Weak Retail Brokerage; Wells Fargo's Value Tops Citigroup's; Wells Fargo Meanwhile Getting Profit Estimates Cut at Oppenheimer, on Exposure to Fannie and Freddie Shares; L
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Sacyr Vallehermoso ha suscrito con Citigroup un compromiso de formulación y aceptación de oferta pública de adquisición de acciones de Itínere Infraestructuras a un precio de 3,96 euros por acción.
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According to Obama Transition Aide John Podesta, Citigroup Shouldn't Be Left Off the Hook; Senator Chris Dodd Agrees, Also Calling for Citi Accountability
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Peter Schiff visits http://www.breakthem atrix.com to talk about the Citigroup bailout, auto industry bailout, and more.
Watch the Break the Bailout show M-F at 8pm EST at http://www.breakthem atrix.com/node/29976
Learn more about BreakTheBailout at http://www.breaktheb ailout.com
![Citigroup \](http://img.youtube.com/vi/mqOF-_CShsw/2.jpg "Citigroup \")
