Citi is raising the monthly fee on its basic checking account. The new fee will be $10, up from the previous $8. At the same time, the bank said that it will waive fees and offer bigger rewards if customers sign up for more services.
Treasury Secretary Timothy Geithner urged EU finance ministers on Friday to leverage their bailout fund to better tackle the debt crisis, but there was no agreement on what steps should be taken.
Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year.
Austria's finance minister is criticizing U.S. Treasury Chief Timothy Geithner for lecturing the eurozone on its crisis strategy but refusing to listen to the currency union's suggestions.
General Electric Co. said Friday it has secured two separate deals in Russia that could generate between $10 billion and $15 billion in sales.
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