Feds, Goldman Sachs, Reach $5B Settlement Over Risky MortgagesThe Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
Citi Cutting 1,000 Jobs, Some In Texas, As Mortgage Business Slows itigroup says it is slashing about 1,000 jobs in Texas and Nevada, citing decreased demand for home loans and mortgage refinancing.
J.C. Penney's Largest Investor Bails OutThe move comes two weeks after Ackman resigned from J.C. Penney's board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
Citigroup To Eliminate More Than 11,000 JobsCitigroup says it will eliminate more than 11,000 jobs. The bank says it's looking to cut expenses and improve efficiency.
Citigroup Tries Another Housing Tack: Own To RentCitigroup is trying something new to keep struggling homeowners out of foreclosure: turn them into renters.
Rolling Power Outage Emergency LiftedRolling power outages may begin in Texas homes as the state's electrical grid is again being pushed to the brink by triple-degree heat.
Treasury Gets $10.5B From Citigroup Share Sale