The Fairholme manager describes the thesis behind the fund's recent purchase of Citigroup stock.
Markets editor Jeremy Glaser considers growth hopes and woes at J.C. Penney, Facebook, Greece, and more.
While duration exposure remains troublesome, large-scale bank deleveraging in the last year has credit markets looking ripe for investment, says Driehaus' K.C. Nelson.
Morningstar's Jaime Peters checks in on the current health and outlook for Citi, J.P. Morgan, and BofA following release of their second-quarter results.
Wall Street's cost cuts and dismissals, which have helped erase more than 300,000 financial- industry jobs in the past two years, are far from over.
Citigroup has fallen on hard times in recent years, but it has still managed to train the chief executives of the country's biggest banks and card networks.
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