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Former Citibank employee sentenced for Salomon Brothers theft

NEW YORK (Reuters) - A former Citigroup Inc <C.N> employee was sentenced to more than four years in prison for stealing $1.3 million from a 98-year-old former managing partner at investment bank Salomon Brothers. Full story

Will taper derail the rally?

   The Fast Money Halftime Report traders look at where volatility has gone this month. And CNBC's Steve Liesman weighs in on whether the Fed's taper will ignite market volatility. Also Tobias Levkovich of Citigroup has a year-end price target on the S&P ...

Bull market begins after taper: Pro

   A taper of Fed asset purchases will put the stock rally on pause before it resumes, Tobias Levkovich of Citigroup says.

Czech regulator sees more potential bidders in 4G auction

PRAGUE (Reuters) - The Czech telecoms regulator has had talks with potential bidders in an auction of mobile spectrum frequencies besides those that took part in an aborted sale in March, the office said on Tuesday. Full story

Philadelphia latest U.S. city to sue big banks in Libor scandal

(Reuters) - The city of Philadelphia is the latest of a series of U.S. municipalities, following Houston a week ago, to sue some of the world's biggest banks for financial losses incurred in the Libor interest-rate rigging scandal. Full story

Summers' work for financial firms could give critics ammunition

NEW YORK (Reuters) - Former U.S. Treasury Secretary Lawrence Summers, a top contender for the leadership of the Federal Reserve, has been a consultant to large financial institutions, including Citigroup Inc, news that could fuel questions about his suitability to head the central bank. Full story

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Articles

ResCap paying $198M for US foreclosure claims

Fed rethinking move allowing banks to trade physical commodities

Former brokers in UK court on Libor fraud charges

Sector Snap: Offshore Supply Companies

Analysis: Bank of America's interest-rate exposure may be worse than rivals'

Banks' earnings pop masks deeper concerns

Me & My Money: Finance maven Krawcheck hates managing her own money

Treasury's Lew: core of Dodd-Frank to be enacted by year-end

The 1 Bank Dominating Emerging Markets

Analysis: Citigroup has an emerging markets headache

Video

  A beat for Bank of America

Bank of America reported a 70 percent jump in profits. CNBC's Kayla Tausche reports mortgage origination jumped 6 percent this quarter, which is better than its peers JPMorgan and Citigroup.

  Reading the Fed's tea leaves

Nathan Sheets, Citigroup global head of international economics, takes a look ahead to Bernanke's testimony this week and weighs in on market risks associated with the Fed's tapering program and an abrupt rise in interest rates.

  Citigroup: Buy or sell?

Does the good outweigh the bad for the banking giant? Anton Schutz, Mendon Capital Advisors; Zachary Karabell, River Twice Research; and Fred Cannon, Keefe, Bruyette, and Woods, discuss what bank earnings mean for the markets.

  Crunching Citi's newest numbers

CNBC's Kayla Tausche breaks down the Citigroup's earnings report, which says "emerging markets are still a strong suit." Mike Mayo, CLSA bank analyst, joins the traders in a "Halftime" exclusive to share his top bank pick. "If Citigroup can go boring,...

  Citigroup tops expectations

Citigroup reported better than expected earnings due to stronger home prices. Jason Goldberg, Barclays; and Anthony Polini, Raymand James, break down the play on the big bank.

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Related Photos

File of traders at the trading post that trades Citigroup stock on the floor of the New York Stock Exchange
File of traders at the trading post that trades Citigroup stock on the floor of the New York Stock Exchange

Traders work at the trading post that trades Citigroup stock on the floor of the New York Stock Exchange, in this October 16, 2012 file photo. Citigroup Inc reported a stronger-than-expected 26 percent rise in adjusted quarterly profit as stronger home prices reduced losses on mortgages and trading

Weir Global Head of Family Office Business at CitiGroup gestures during the Reuters Global Wealth Management Summit in Geneva
Weir Global Head of Family Office Business at CitiGroup gestures during the Reuters Global Wealth Management Summit in Geneva

Cathy Weir, Global Head of Family Office Business at CitiGroup, gestures during the Reuters Global Wealth Management Summit in Geneva June 4, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: BUSINESS)

File photo of a Citi sign at the Citigroup stall on the floor of the New York Stock Exchange