A 'Citi' sign. (credit:  Mario Tama/Getty Images)

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.


(credit: Justin Sullivan/Getty Images)

J.C. Penney’s Largest Investor Bails Out

The 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 Inc. To Shut Almost Half Greek Branches Amid Crisis

Citigroup To Eliminate More Than 11,000 Jobs

Citigroup says it will eliminate more than 11,000 jobs. The bank says it’s looking to cut expenses and improve efficiency.


A bank owned sign is seen in front of a foreclosed home. (credit: Joe Raedle/Getty Images)

Citigroup Tries Another Housing Tack: Own To Rent

Citigroup is trying something new to keep struggling homeowners out of foreclosure: turn them into renters.


Steel towers carry power transmission lines. (credit: Tim Boyle/Getty Images)

Rolling Power Outage Emergency Lifted

Rolling 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

    WASHINGTON (AP) _ The Treasury Department says it raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock