Citigroup records $4.4 billion quarterly profit

Vikram Pundit

Citigroup Inc. has earned quarterly profits of $4.4 billion, highest among three years. It has not only reported highest profit but has also generated higher return on equity.

U.S. Securities and Exchange Commission sues Goldman Sachs

Goldman Sachs

Goldman Sachs Group Inc. has being sued by the U.S. Securities and Exchange Commission as it deceived investors about one of its financial products.

Gold Prices Stabilize after Correction

Gold Prices stabilize

Gold prices stabilized after hitting a low for two weeks. But the investors are still cautious over the likely impact of regulatory action against Goldman Sachs Group Inc.

Restoring banking value system is must: says FDIC head

Sheila Bair

The head of the Federal Deposit Insurance Corp., Sheila Bair, stated at the University of Kansas' Robert J. Dole Institute of Politics that the improved lending standards are needed by U.S.

Mortgage lending grows at slow rate

Paul Samter

Mortgage lending in the UK climbed up by a quarter to £11.5 billion last month. Mortgage lending remained lower with only 3 per cent more cases than in March 2009.

Paul Walker to be considered as Sage’s next Chief Executive

Paul Walker

Mr. Paul Walker, the Chief Executive of FTSE 100 companies, has decided to leave the company after serving the software company for 16 years.

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Latest News

The European Union's two largest powers met in a small summit to discuss the issues of immigration in an increasingly destabilizing and controversy-ridden EU.

A Belgian-French industrialist, who happened to be a target of France’s most dishonorable kidnappings, has passed on at the age of 80 years.

Beyonce and Jay-Z Music Video

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The rescue ship Aquarius was finally accepted by Spain, but about half of its pas