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A New York supreme court judge has temporarily blocked the sale of Wachovia to Wells Fargo. On Saturday afternoon, Citigroup asked New York supreme court justice Charles E. Ramos to file an emergency order to block the sale of Wachovia to Wells Fargo. …

So Citigroup was going to buy Wachovia for around $2 billion with the help of the FDIC early last week. On Friday, Wells Fargo decided to agree to pay $14.8 billion (in an all stock deal WITHOUT government assistance) for the failing bank.
So CitiGroup …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

Citigroup posted a $2.5 Billion dollar loss for the second quarter. In my opinion, that?s not good at all. That would be called a disaster. However, this loss was less than expected, so it’s good? Yea, I’m confused. This was their 3rd loss in a …