Citigroup loses $8.3 billion

As Citigroup Inc. reported an $8.29 billion quarterly loss this week, they announced the division of their “supermarket” model into: Share

Ssangyong Motor files for bankruptcy

The South Korean unit of the largest Chinese automaker Ssangyong Motor, filed for bankruptcy protection Share

Citibank bailed out, or problem postponed?

After watching the news yesterday and seeing how Citigroup has been granted a bailout I can’t stop wondering what all this entails. I mean the bank received $25 billion just about a month ago. And on the 24th the Treasury announces another $20...

Two more US banks collapse amid looming financial crisis

A story published today on Indiatimes.com informs of the latest addition to this year’s failed banks. The article goes on to stating that “More collapses are expected among the nation’s 8,400 banks.”. This doesn’t really...