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![[Citi weighs options]](http://s.wsj.net/public/resources/images/OB-CS119_citi11_D_20081121041148.jpg)
Citi Weighs Options, Including Sale
Citigroup began weighing the possibility of auctioning off pieces of the company or even selling itself outright.
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Rebound Seen After Brutal Selloff
Wall Street appeared poised to get a break from the steep declines of the past two days after upbeat earnings from Dell and reports that Citigroup might put itself up for sale.
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Goldman's Gold Standard Is Less Golden
Goldman's shares fell below the $53 price where they were first sold to the public. The stock is down 75% this year.
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Treasury Will Help Liquidate Fund
Treasury said it will help liquidate an offering from Reserve Management, in a move to calm money markets.
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Banks, Miners Lift European Shares
European markets rebounded after sharp declines in recent days as investors scooped up battered financial and mining shares. London's FTSE gained 1.3% and the Dow Jones Stoxx 600 rose 1.2%.
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![[Asian stocks defy U.S. slump]](http://s.wsj.net/public/resources/images/OB-CS120_astox1_A_20081121063426.jpg)
Asian Stocks Defy Wall Street Slump
Asian markets defied the big U.S. slump overnight and ended higher -- a move some traders said reflected high volatility and low volumes in some markets more than new developments. Japan's Nikkei rose 2.7%, while South Korea's Kospi advanced 5.8%. -
Fannie, Freddie Halt Foreclosures
Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements)
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Regulators Take Steps to Monitor Some Thrifts
The Office of the Comptroller of the Currency is paying closer attention to roughly 100 community banks with large exposure to weak commercial real-estate loans.
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New York Will Suspend Its CDS Plan
New York will delay "indefinitely" its plans to regulate credit-default swaps because of progress made by federal regulators.
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![[Treasury Secretary Henry Paulson defends his approach to resolving the financial crisis in a speech at the Ronald Reagan Presidential Library Thursday.]](http://s.wsj.net/public/resources/images/NA-AU139_PAULSO_A_20081120203832.jpg)
Paulson Defends Moves on Crisis
Paulson, under fire for his approach to resolving the financial-sector crisis, defended his actions as "necessary steps to prevent a financial collapse."
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Some ETFs Fall Short on Pricing
Exchange-traded funds promise to let investors trade baskets of stocks at predictable prices throughout the day. But some thinly traded ETFs have been falling short of that goal.
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![[Grand Canyon Education]](http://s.wsj.net/public/resources/images/MI-AT622_GRANDI_A_20081120191117.jpg)
Grand Canyon Ends IPO Drought
Online college Grand Canyon Education didn't do much to bolster investor confidence in initial public offerings, with an IPO that declined 1.3% on the Nasdaq Stock Market.
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Harkin Sets Plan on Derivatives
Tom Harkin plans to introduce a bill that would force all over-the-counter derivatives, including credit-default swaps, onto regulated futures exchanges.
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Impala Puts on Hold Share-Buyback Plans
Impala Platinum Holdings said it has suspended its share-buyback plans and will review capital expenditures in light of the drop in platinum prices.
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Borrowing Gauge Falls
Total direct borrowing from the Federal Reserve's discount window tumbled in the latest week, falling below $300 million on Wednesday for the first time in nearly two months.
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Last Month, $40 Billion Pulled From Hedge Funds
Investors withdrew $40 billion from hedge funds last month amid the stock market's crushing declines.
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J.P. Morgan Pares Staff Yet Again
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Moody's Sees Pressure on CMBS Ratings
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Citi's India Group Loses CEO, Plans Layoffs
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Babcock Barred From Cash in Bank
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Traders Make Quick-Hit Options Bets in Financials
Dow Jones Newswires
From Dow Jones NewswiresAhead of the Tape
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![[oil well pump]](http://s.wsj.net/public/resources/images/OB-CS097_oiltap_C_20081120223322.jpg)
Similarities to Dark Days Seen in Oil
As crude slips below $50 a barrel, the dark days of the early 1980s are haunting the oil market.
Deal Journal
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Bailout Arbitrage: The Sale of National City
Potential acquirers expect targets to shop for a better offer. But lately, some potential acquirers found themselves competing against the U.S. government. National City's sale to PNC Financial provides an illuminating example.
- Citigroup: If You Can’t Save the Stock, Blame the Shorts
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Heard on the Street
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![[Yen]](http://s.wsj.net/public/resources/images/OB-CS103_yendol_C_20081120231015.jpg)
Japan Has a Yen for Deals
A strong currency and dwindling prospects at home have put Japan Inc. in a buying mood.
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![[Michael Glos]](http://s.wsj.net/public/resources/images/OB-CS102_glos_C_20081120230405.jpg)
Germany's Stimulating Dilemma
Germany's economy minister recently lent his voice to calls for a European economic stimulus package. But Berlin isn't keen to step up to the plate to pay for it.
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Volatility Spreads to Dual-Listed Firms
Volatility has struck the farthest corners of the market, forcing traders to abandon even seemingly sure bets. But one fertile area for hedge funds has involved arbitraging the shares of dual-listed companies.
Stocks
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Citi, BofA, Goldman, Lincoln National Fall
Investors diverted their attention directly to the health of some of the world's largest manufacturers and financial institutions, including General Motors, Ford Motor and Citigroup.
Bonds
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![[Promenade Shops]](http://s.wsj.net/public/resources/images/MI-AT616_CREDLE_A_20081120193714.jpg)
Treasurys Gain, and Bonds Feel Pain
Credit markets were at crisis levels, as investors flocked to Treasurys while dumping bonds tied to commercial real estate and corporate debt.
Commodities
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![[Field in Baytown, Texas]](http://s.wsj.net/public/resources/images/MI-AT625_COMMOD_A_20081120191320.jpg)
Oil Falls Below $50 a Barrel
Crude-oil futures sank to three-and-a-half year lows as the economic storm continued to press down on global stock markets.
Currencies
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Won, Rupiah Drop Against the Dollar
The selloff in Asian stocks helped push some regional currencies to fresh lows, with South Korea's won and Indonesia's rupiah touching levels last seen in the Asian financial crisis a decade ago.
Heard on the Street
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![[Citigroup]](http://s.wsj.net/public/resources/images/OB-CS100_citihe_A_20081120224951.jpg)
Share Slump Tests Citi Limits
What happens next for Citigroup will have ramifications for the global financial system.
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China's Oil Price Challenge
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Hong Kong Loves Its Currency Peg
World Markets
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RBS Holders Back Funds Increase
Royal Bank of Scotland shareholders approved another capital increase that the U.K. government hopes will leave the bank more resilient in an extreme economic downturn.
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Nordic Capital Raises $5.39 Billion
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APEC Fears U.S. Ties Are Fraying
Deals
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GE, GIC Weigh Joint Projects
GE is in early talks with the Government of Singapore Investment Corp. for possible joint investments.
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Everglades Deal Faces Challenge
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Citi's Slide Deepens as Investors Bail Out
Financial Services
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Ambac in Deal to Commute CDOs
Ambac Financial reached a deal with counterparties to commute four securitized transactions worth about $3.5 billion on Sept. 30 in exchange for a $1 billion cash payment from Ambac Assurance.
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CMBS Market Begins to Show Fissures
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Wall Street Fights Asia's Super-Rich
Columns
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The game
By Dennis K. Berman
In Corporate Debt, Silence Isn't Golden
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Ahead of the tape
By Mark Gongloff
Similarities to Dark Days Seen in Oil
Barron's
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Dear Mr. President
Our open letter to Barack Obama outlines eight steps he should take to restore order to financial markets and bolster the economy.
- Sifting Cautiously Through the Ruins
- Brushing Up on a Colgate Bargain
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Go to Barrons.com
RSS Feed
MarketWatch
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London Markets: Metals gain in short-covering rally; Barclays' shares advance
Investors return to London's metals sector in what many see as a short covering rally after a report that Citigroup may sell itself. Shares ranging from Barclays to BP also show gains.
- Before the Bell: Citigroup, Dell, H.J. Heinz, Gap in focus
- Indications: U.S. stock futures rise after Citigroup sale report
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Go to MarketWatch.com
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SmartMoney
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SmartMoney's Annual Gift Guide
We discovered some smart splurges for even reluctant shoppers.
- 7 Alert Services That Help You Save (Deal of the Day)
- Honda Is Geared Up for Better Days (Deal of the Day)
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Go to SmartMoney.com
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