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...

In a meeting with President Obama, on Friday, the chief executives of the nation’s largest banks committed to helping the administration spur an economic recovery. Mr. Obama met with the bankers at the White House, seeking their support for his plan to stabilize the financial system and move beyond...