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Citi Mortgage Newsciti mortgageIt’s understandable if Americans aren’t paying attention to the machinations of government at the moment. Most of us just wrapped-up a somewhat anxious holiday season, and gladly said goodbye to a difficult 2008. But the new Congress launches ... Read moreSomeone in the world of editorial columns recently predicted that a ... - Town HallDaniel Sadek, the founder of defunct subprime lender Quick Loan Funding. Sadek bought the house at 65 Briar Lane, Irvine, in 2006 and refinanced it with a $678,000, interest-only mortgage that August. In August, Citi Residential Lending modified his ... Read moreMost Commented Articles - Orange County RegisterNEW YORK (AP) - Increasing his expectation for loan losses, an analyst on Monday cut his 2009 and 2010 earnings estimates for Citigroup Inc. Deutsche Bank analyst Mike Mayo widened his loss estimate for 2009 by 30 cents per share to $1 per share. He ... Read moreAhead of the Bell: Analyst cuts Citi estimate - MSN MoneyCentralCitigroup ’s top executives, and Robert Rubin, a director and senior adviser, will forgo their 2008 bonuses amid internal and external pressure to atone for the company’s huge losses and a $300bn government bail-out. Vikram Pandit, Citigroup’s ... Read moreCiti executives and Rubin forgo bonuses - Financial TimesNEW YORK -- The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. More on Banks Synovus Sinks After Stuffing Loss Cushion Failed IndyMac Sells for $13 ... Read moreNY Fed Begins Buying Mortgage Securities - Street.ComJan. 6 (Bloomberg) -- U.S. stocks gained, recovering yesterday’s losses, on speculation President-elect Barack Obama ’s $775 billion package of tax cuts and government spending will revive the economy. Walt Disney Co., Hewlett-Packard Co. and ... Read moreU.S. Stocks Gain on Obama Plan; Disney, Citigroup Shares Climb - BloombergNEW YORK (CNNMoney.com) -- After a shockingly tumultuous year, Citigroup said Wednesday that its top executives will forgo their usual annual bonus. In a letter to employees, Citigroup Chief Executive Vikram Pandit said the bonus structure would ... Read moreCiti execs forgo bonus - CNN MoneyThe year just ended was memorable for more than just the worldwide market crash. It was also the year that my former team, the Philadelphia Phillies, took the World Series and David Tyree caught Eli Manning's 32-yard heave, setting up the New York ... Read moreDykstra: 2009 a Field of Dreams - Street.ComCitigroup CEO Vikram Pandit yesterday said he would join the ranks of his Wall Street brethren and not take a bonus for 2008, and announced the banking titan was revamping its compensation structure. In a memo to Citi staff, Pandit said that he ... Read moreCITIGROUP FINALLY JOINS THE NO-BONUS POSSE - New York PostNEW YORK, Jan 6 (Reuters) - Moody's Corp, the parent of credit rating agency Moody's Investors Service, on Tuesday forecast a "severe recession" in 2009, with high-yield corporate default rates climbing to between 10 and 12 percent. "The conditions ... Read more |
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