Citigroup said it will suspend foreclosure sales and notifications on CitiMortgage-owned mortgages from June 17 through Sept. 17 for borrowers in the coastal areas hit hardest by the oil spill in the Gulf of Mexico. Those ...

Citigroup said its CitiFinancial unit will close 330 branches in the U.S. and expects the re-organization of the consumer finance arm to result in the loss of between 500 and 600 jobs. The move is intended to cut ...

Citigroup said it is launching a $200 million fund to generate small business lending in “low wealth and low income” U.S. communities. The Communities at Work Fund is to provide financing to both nonprofit and ...

Citigroup, the last major banking institution to repay its government bailout last year, reported a profit of $4.4 billion, or 15 cents per share, for the first quarter of 2010, soundly beating expectations with ...

Principal forgiveness –a key part of the Obama Administration’s new foreclosure prevention efforts – would prove to be very costly to the industry and taxpayers,  and ultimately unfair to the vast majority ...

Charles Prince, the former Citigroup CEO and Robert Rubin, its former chairman, testified today they were mostly unaware that the financial institution was sitting on debt obligations riddled with toxic mortgages ...

Beginning in 2006, Citigroup’s chief underwriter overseeing $90 billion in loans warned the institution’s top bosses that at least 60 percent of mortgages purchased and sold were “defective.” By 2007, as ...

The U.S. Treasury will sell all its 7.7 billion common shares in Citigroup throughout 2010 “subject to market conditions” – likely resulting in the largest profit from the government’s bailout program. Treasury ...

Citigroup is the latest major lender to commit to the government’s Second-Lien Modification Program, 2MP, that helps borrowers reduce payments on second mortgages. JPMorgan Chase, Bank of America and Wells Fargo ...

Citigroup Chief Executive Vikram Pandit today thanked the U.S. government and American taxpayers for providing a vital $45 billion bailout infusion into the banking institution and reminded them of the 27 percent ...