Read more Citigroup stories on Newserhttp://www.newser.com/taggrid/1114/citigroup.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 13:49:50 CSThttp://www.newser.com/story/72693/pay-czar-cuts-bonuses-but-boosts-salaries.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBase pay will increase for the majority of top execs in the finance and auto firms supervised by federal pay czar Kenneth Feinberg. Salaries are being bumped up—by hundreds of thousands of dollars in some cases—as bonuses and other perks are slashed. Despite the salary hikes, all 136...http://www.newser.com/story/72693/pay-czar-cuts-bonuses-but-boosts-salaries.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 28 Oct 2009 1:24:23 CDThttp://www.newser.com/story/72253/pay-czar-slashes-top-salaries-at-7-bailed-out-firms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagPresident Obama’s pay czar will cut compensation for the 25 highest-paid employees at seven companies that took large amounts of government aid. The 175 executives will face salary reductions of 90%, but with other compensation elements added in, the total reductions average 50%. Ken Feinberg also will require the seven...http://www.newser.com/story/72253/pay-czar-slashes-top-salaries-at-7-bailed-out-firms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 21 Oct 2009 15:53:35 CDThttp://www.newser.com/story/69945/dow-down-41-tech-rises-banks-fall.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStock indices finished mixed today after the markets reached what most traders saw as a slight pause in a very strong September, the Wall Street Journal reports. Financials led declines: AmEx fell 2.9%, while Bank of America lost 1.8%. Google rose 1.1% after Citigroup analysts boosted their...http://www.newser.com/story/69945/dow-down-41-tech-rises-banks-fall.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 21 Sep 2009 15:13:15 CDThttp://www.newser.com/story/69770/dow-up-36-points-consumer-stocks-gain.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks posted gains today, closing out a strong week as consumer stocks saw advances, the Wall Street Journal reports. Procter & Gamble gained 3.21% after Citigroup upgraded the firm’s shares to “buy.” Optimism about a recovery in consumer spending drove Starbucks up 3.64%, with PepsiCo and Philip Morris...http://www.newser.com/story/69770/dow-up-36-points-consumer-stocks-gain.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 18 Sep 2009 15:20:44 CDThttp://www.newser.com/story/69445/citigroup-wants-to-repay-bailout-cut-treasury-stake.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup is drawing up a plan to get out from under the government’s thumb, the Wall Street Journal reports. The bank called the Treasury over the weekend to say it was looking for ways to scale back the government’s investment, outlining a plan in which it would raise outside capital...http://www.newser.com/story/69445/citigroup-wants-to-repay-bailout-cut-treasury-stake.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 15 Sep 2009 8:48:25 CDThttp://www.newser.com/story/69290/post-lehman-washington-is-the-new-wall-street.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFor decades, more than just 228 miles separated Wall Street from Washington, as financiers cast a casual eye at government regulators. But a year after Lehman Brothers’ dramatic implosion, the nation’s financial and political capitals are forging a new, closer relationship that has some concerned, David Cho, Steven Mufson, and...http://www.newser.com/story/69290/post-lehman-washington-is-the-new-wall-street.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 13 Sep 2009 11:38:27 CDThttp://www.newser.com/story/68557/dow-climbs-64-as-investors-await-jobs-report.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks jumped today on the strength of blue-chip financials after mostly idling. Volume was low as investors waited for the government’s monthly employment report, due tomorrow, the Wall Street Journal reports. AIG and Citigroup rose, while safe-haven buying pushed gold to almost to $1,000 an ounce, a level not...http://www.newser.com/story/68557/dow-climbs-64-as-investors-await-jobs-report.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 03 Sep 2009 15:20:43 CDThttp://www.newser.com/story/67067/dont-spend-bonus-bucks-yet-warns-clawback-czar.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJust because top banking executives took home hefty paychecks in recent months doesn't mean they'll get to keep the money, reports Reuters. White House pay czar Kenneth Feinberg declared he has clear authority to "claw back" egregious bonuses already paid out by any bank that received federal TARP money.http://www.newser.com/story/67067/dont-spend-bonus-bucks-yet-warns-clawback-czar.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 17 Aug 2009 5:13:25 CDThttp://www.newser.com/story/66591/us-banks-hiring-again-after-layoffs-bailouts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter cutting thousands of jobs over the past two years, American banks are rushing to fill them again as business picks up, Reuters reports. “Back in March and April, no one really knew if the investment banking business was going to exist again," said a search firm exec. "The world...http://www.newser.com/story/66591/us-banks-hiring-again-after-layoffs-bailouts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 11 Aug 2009 7:25:22 CDT