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to 3.75 percent. The prime rate is a benchmark for some types of consumer loans such as home equity loans. BB&T and Citigroup were among the banks to announce the increase. Mortgage rates have been surging since Donald Trump's presidential victory
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bank profits, but it rallied 4 percent Friday. JP Morgan Chase climbed $4.42, or 8.3 percent, to $57.49, while Citigroup added $2.56, or 7.3 percent, to $37.54. Bank of America rose 79 cents, or 7.1 percent, to $11.95. Meanwhile
the world and a major driver of global growth. All 10 of the S&P 500 industrial sectors fell. Financial stocks slumped. Citigroup gave up $2.09, or 4.2 percent, to $48.03. Apple, the world's largest publicly traded company, dipped 2.8
to sell the lottery," said Kennedy. "I'd like for us to be able to talk about it." Kennedy says he has reports from CitiGroup and Goldman Sachs which essentially say that selling the Louisiana Lottery would provide significant general fund relief
bank to reach a settlement with federal authorities, following the billions paid by JPMorgan Chase, Bank of America and Citigroup . The $2.6 billion will go to "resolve certain claims" the Justice Department intended to bring against Morgan Stanley
Citigroup will pay roughly $7 billion to settle an investigation into risky subprime ..... fueled the boom and bust that triggered the Great Recession in 2007. Citigroup , among other banks, downplayed the risks of subprime mortgages when