CEO Chuck Prince

Citigroup CEO Chuck Prince is out as the housing credit crisis continues to impact U.S. businesses. AP correspondent Warren Levinson reports. (Nov. 5) Read Full Story

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Primerica Life Insurance Company (Primerica Life) to ‘A+’ from ‘AA-’, reflecting Fitch’s downgrade of Primerica Life’s ultimate parent, Citigroup Inc (Citigroup) yesterday. The rating has also been removed the Rating Watch Negative. The Rating Outlook is Evolving. Primerica Life’s rating is linked to the ratings [...] Read Full Story

Prince's time may finally be up. As Citi's stock continues to slide and calls for Prince's head have grown the end seems near. Charles Prince, Citigroup Inc.'s CEO, will offer to resign Sunday, according to sources cited in a Wall Street Journal report. For more: Telegraph UK Reuters Wall Street Journal CNN Bloomberg AP AFP Reuters Read Full Story

CitiGroup Inc. has the government behind it.  This again was shown to the markets over the weekend as a Wall Street Journal article said the government is thinking about converting its preferred stake in the company to common shares.  This is one step closer to nationalization, however, does seem to be giving the markets a little relief from the selling last week.  Why? Because this investment is showing the government is not into full nationalization yet and while this will dilute shareholders, it will still keep the stock trading at current levels or above.  CitiGroup Inc. has  seen its stock fall from a 52 week ... Read Full Story

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