Citigroup (C Quote) and Bank of America (BAC Quote) are going to take time before they can become good investments for  the U.S. government. Paper losses run $3 billion and $2.2 billion respectively, based on the original strike price for the preferred shares bought by the U.S. Treasury and yesterday’s...

The  U.S. government has not yet decided how to disclose the results of the bank stress tests which could have a negative affect on the markets this upcoming week.  Sources say that officials are working around the clock to figure out how to provide transparency about the results without causing a...

Citigroup lost money but beat Wall Street’s expectations as investors look for further signs that the economy has begun to stabilize. Citigroup Inc. reported its smallest loss since 07. The bank on Friday posted a first-quarter loss to common shareholders of $966 million after massive loan...

Citigroup lead the charge for the banking sector as shares rose higher for that industry. Early reports indicate the  financial institution will release better than expected earnings at the end of the week.  In addition, U.S. bank shares rose higher as reports of record first quarter profits...