Citigroup is whining that new regulations eliminate pricing for risk. So what does it do? Jack up rates is the answer. To lower interest rates, Citi customers must spend more . For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way ... Read the ful ... Read more

From Bloomberg: Pandit Says He’ll Repay ‘Every Dollar’ of TARP Funds Citigroup Inc. Chief Executive Officer Vikram Pandit, speaking at the company’s annual shareholder meeting, said he will repay “every dollar with interest” of funds received [from TARP]. More from the WSJ : Citigroup ... Read more

From the WSJ: U.S. Weighs Further Steps for Citi Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount ... Citi executives said they haven't detected signs of corporate clients or ... Read more

Citigroup plunged 39% on Friday to $1.50, a price last seen in 1992. The plunge was in response to a Citigroup U.S. Accord on a Third Bailout that will convert the government's preferred shares to common, thereby diluting existing common shareholders and exposing US taxpayers to more losses. ... Read more

Citigroup (C) apparently is now 36% controlled by Uncle Sam. Everyone is singing the blues but no one has an alternative. The interesting side tidbit is that Singapore and Prince al-Waleed bin Talal of Saudi Arabia, will also swap up to $27.5-billion worth of preferred shares for regular stock. This ... Read more

Citigroup (C) and other banks in negotiations with the financial cavalry apparently will be giving up voting control and equity positions within the banks that are supported. The voting control was all but gone a long time ago. When the Fed and Treasury has to bail out problems by the hundreds of bi ... Read more

The Wall Street Journal says that the federal government is in talks to put more capital into Citigroup (C) and may end up owning 40% of the big banks. According to the paper, “While the discussions could fall apart, the government could wind up holding as much as 40% of Citigroup ... Read t ... Read more

I really thought we would finally see a less negative view on Citigroup (C) from Meredith Whitney a couple weeks back when the stock hit three bucks. Whitney, you may recall, is the Oppenheimer & Co banking analyst who downgraded Citi to "underperform" last year when the shares traded for around ... Read more

It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or a buyer for the firm? The way the global markets work, a decision will probably have to be announced before Asia opens. ... Read ... Read more