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STU News

Citi: Third Quarter Earnings Preview

Citi is slated to report third-quarter earnings results on October 18th, and the results are likely to be very different than the institution's earnings a year earlier.

GE Buys Card Portfolio from Citigroup

The company inked a deal for sales finance portfolios, gaining dozens of customer relationships with mid-sized retailers.

Citi, Student Loan Lawsuits Fly

Citigroup's recent announcement to sell its student loan subsidiary to Discover is getting pushback from shareholders.

Discover, Sallie Mae May Face Reg Scrutiny

Discover and Sallie Mae could face regulatory and restructuring challenges after the purchase of Citigroup's student loan business.

Analyst: Citi, Discover Deal's Hidden Surprises

The most unusual part about Citigroup's sale of Student Loan was the deal structure and Discover's advance in the market.

Breaking News

Wendy's Stock Surges As Activist Nelson Peltz Mulls Takeover Deal

Nelson Peltz and Trian Partners, Wendy's biggest shareholders, are planning to arrange a takeover of the iconic burger chain.

Fed Minutes Opinion: Powell Wields Interest Rate Hammer In A World Of Inflation Screws

Fed Chairman Jerome Powell has raised his inflation hammer, vowing sharp rate hikes to slow the fastest U.S. inflation in forty years. It won't work.

Mortgage Rates Ease, But Soaring Prices Keep Buyers, Refinancers Sidelined - MBA

“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks," said the MBA's Joel Kan.

General Motors Takes a Big Hit

GM says it found 'malicious login activity' on an unspecified number of online user accounts.