mbi

Banks sue MBIA over restructuring

A group of 18 large banks, including JPMorgan Chase (JPM), Bank of America (BAC), Morgan Stanley (MS) and UBS (UBS) among others, is suing MBIA...

Once mighty Citigroup trades below $1

Just after 11.35 AM today, Citigroup (C) traded below $1. Its market cap is now only $5.3 billion. In June 2007, the stock was close to $54. Citi...