C News 51.07 08/22/2014 04:45:38 Citigroup Inc (C)

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Citigroup Inc (C) 51.07 $C

'Fast Money' Recap: Banking on Financial Stocks
at The Street - 45 mins ago
The trading panel discussed banks, Home Depot's new CEO and whether to invest in semiconductor companies.

Banks Offer 20-25% Pay Hike to Retain Junior Bankers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 21, 6:10PM CDT
In order to prevent defections and retain talent, Wall Street biggies are planning to hike the salary for their junior staff in the range of 20-25%.

Most active New York Stock Exchange-traded stocks
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at the close of trading:

Final Glance: Banks companies
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — Shares of some top banks companies were up at the close of trading:

Citigroup Set to Possibly Pullback After Yesterday's Rally of 2.55%
Comtex SmarTrend(R) - Thu Aug 21, 3:39PM CDT
Citigroup (NYSE:C) traded in a range yesterday that spanned from a low of $49.80 to a high of $51.22. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $50.25 on volume of 24.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Midday Glance: Banks companies
AP - Thu Aug 21, 12:22PM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 1 p.m.:


Bank of America agrees to nearly $17B settlement
By PETE YOST and MARCY GORDON - AP - Thu Aug 21, 11:47AM CDT
WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.

Bank of America, DOJ Reach $16.65 Billion Settlement
at Investor's Business Daily - Thu Aug 21, 11:12AM CDT
Bank of America (BAC) and the Department of Justice announced a $16.65 billion settlement to resolve federal and state mortgage-backed securities fraud claims, the largest such deal on record and likely the last mortgage settlement against a big U.S....

Citigroup (C) Breaks Through Resistance at $49.99
Comtex SmarTrend(R) - Thu Aug 21, 10:14AM CDT
Shares of Citigroup (NYSE:C) have bullishly opened above the pivot of $49.73 today and have reached the first resistance level of $49.99. Should the shares continue to rise, the resistance pivots of $50.19 and $50.65 will be of interest.


APNewsBreak: B ofA reaches $17B settlement with US
By JEFF HORWITZ and MICHAEL VIRTANEN - AP - Wed Aug 20, 6:35PM CDT
WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
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Why Bank of America deal might not cost it $17B
By JEFF HORWITZ - AP - Wed Aug 20, 6:28PM CDT
WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
1 Comment

Early Glance: Banks companies
AP - Wed Aug 20, 11:21AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:

Banks' Living Wills No More Includes Discount Lending Window - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 20, 11:00AM CDT
The news that the Fed's discount lending window (that offers reliable source of funding to banks in case of liquidity crunch) can no more be a part of their 'Living Will' assumptions, came as a blow to the major global banks.

Citigroup (C) Might Vend Japan Retail-Banking Business - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 20, 9:50AM CDT
In furtherance of its strategy to shed international operations, Citigroup (C) is eyeing the sale of its retail banking operations in Japan.

Bank of America Corp: Expect a Multibillion-Dollar Settlement Any Day
Kingkarn Amjaroen, The Motley Fool - Motley Fool - Wed Aug 20, 7:00AM CDT
Source: Bank of America. As we all know, Citigroup used its second-quarter earnings release as an opportunity to announce that it finally reached a settlement with the Department of Justice over its mortgage practices. Will we see a similar...

Aug. 20 Premarket Briefing: 10 Things You Should Know
at The Street - Wed Aug 20, 5:35AM CDT
U.S. stock futures are mixed; a report says Allergan approached Salix and at least one other company about a potential acquisition; Citigroup weighs sale of Japan unit.
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