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We've written recently about some tricky things credit card companies do that can whittle away at the value of your hard-earned rewards, and recent news reported in the Consumer Reports blog illustrates that banks are still trying -- and trying very hard, in some cases -- to keep you from getting...

The U.S. Department of the Treasury today announced the sale of approximately 1.1 billion shares of Citigroup (C) common stock as it's trying to recoup some of the cost of $700 billion financial bailout. To date, the Treasury says has sold a total of approximately 2.6 billion shares of Citigroup...

Loyal reward card users should tread carefully. Make one misstep, such as a late payment or exceeding the credit limit, and you could lose your ability to redeem points. Even worse, if the credit card issuer decides to close your account for any number of reasons, you could end up losing all of...

After Bank of America announced its new mortgage modification program that offered principal forgiveness for certain types of loans, I wondered if it was the only bank to do so. Of the four major loan servicers on the HAMP program -- Bank of America, JP Morgan Chase, Wells Fargo Bank and...

While President Obama has been spanking the "fat cat bankers" for their evil ways, it seems that at least some of them may have some Christmas spirit this holiday season. According to the AP, Citigroup has decided to suspend foreclosures and evictions of 4,000 borrowers for 30 days. "We want our...

It looks like Citigroup (C) won't be rid of government ownership as quickly as it hoped. The Treasury Department has postponed its planned sale of up to $5 billion in Citi stock after Wall Street gave the plan a cool reception. Investors were willing to pay only $3.15 per share, 10 cents less than...

Today is Bash Wall Street day in Washington, as a herd of bankers gets rounded up to sit for a presidential tongue lashing. But Washington can't afford to alienate Wall Street too much because of the $5 billion in campaign contributions and lobbying fees that financial institutions have funneled to...

Are you carrying a lot of debt on credit cards? Have your interest rates skyrocketed? You may be able to negotiate a better deal according to a report in The Washington Post.As credit card defaults soar past 10%, credit card companies are realizing something is better than nothing. Lenders are...

In case you're a Citibank customer and you've missed it, Citi--the financial institution that owns Citibank as well as its Citi credit cards--has launched mobile banking services to smartphones, including Blackberries, Palms and iPhones.As of now, according to Citi's press release, you can viewing...

Americans have devoted $351 billion of their hard-earned tax dollars to bailing out Citigroup (C). No doubt if you hold a credit card with Citi and are paying 30 percent interest rates on your balance, you must be glad that Citi is still around to collect that interest. If you're like me and hold...