* Worries grow that banks need more government help * Bank of America in talks for help on Merrill * Citigroup may unveil big loss, restructuring * Shares tumble despite JPMorgan results (Adds details and...
* Bank of America nears government aid for Merrill-source * Citigroup may unveil big loss, restructuring * Shares tumble despite JPMorgan results (Adds Bank of America nears TARP infusion and government guarantee, details, updated shares)...
NEW YORK, Jan 15 - Shares of Bank of America Corp and Citigroup Inc tumbled to multiyear lows on worries the banks are ill-prepared to handle soaring credit losses as the economy sinks. In Thursday...
NEW YORK, Jan 13 - Citigroup Inc, <C.N> struggling to contain losses, is separating assets into a "good bank" and a "bad bank," a person close to the matter said. The bad bank assets would...
NEW YORK, Jan 12 - U.S. stocks tumbled on Monday in the worst two-day slide in more than a month as investors worried about the outlook for embattled bank Citigroup and expectations mounted for dismal...
NEW YORK, Jan 12 - Citigroup Inc may explore further asset sales after divesting its Smith Barney retail brokerage unit to Morgan Stanley, but the banking giant is likely to have a tough time finding...
Jan. 9, 2009 (China Knowledge) - Citigroup Inc will not reduce its shareholdings in Shanghai Pudong Development Bank (SPDB)<600000>, sources reported, citing Shen Si, secretary of the board with SPDB, as saying.Citigroup, SPDB's foreign strategi...
* Asian shares cut losses on Citigroup rescue plan * Yen holds gains amid concerns about financial sector * U.S. futures gain, European stocks seen opening higher HONG KONG, Nov 24 - Asian shares cut...
* Asian bank shares drop on Citigroup concerns * Citi in talk with U.S. to create "bad bank" - reports * Yen edges higher on safe-haven buying * Japanese markets closed for public holiday HONG...
* Citigroup to issue $27 bln preferred stock, cap dividend * Government to share in losses beyond initial $29 billion * S&P 500 futures rise NEW YORK, Nov 24 - The U.S. government agreed to...