"First in, last out" is a well-known term, and it may also be the right phrase to characterize this economic recovery. Even though the economy began to expand in mid-2009, the sector that led us into the mess—credit—has remained in recession. The conflagration of debt—soured mortgages, defaulted bank loans, Chapter 11 corporations, huge credit-card charge-offs, student loans, auto loans—drove ...

More consumers paid their credit card bills on time in April, in another sign the fledging economic recovery may be picking up some steam. Capital One, Discover, American Express, Chase and Citibank all said the rate at which they wrote off unpaid credit card...

More consumers paid their credit card bills on time in April, in another sign the fledging economic recovery may be picking up some steam.

NEW YORK - CITIGROUP INC posted a US$4.43 billion (S$6.11 billion) first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank's credit losses and increased prices on even its worst assets. The results signal the bank is recovering and appear to vindicate Chief Executive Vikram Pandit, who a year ago was under pressure by some regulators to leave. But ...

NEW YORK, April 20 — Citigroup Inc posted a US$4.43 billion (RM14.2 billion) first-quarter profit, its best result in nearly three years, as the economic recovery reduced the bank’s credit losses and increased prices on even its worst assets. The results signal the bank is recovering and appear to vindicate Chief Executive Vikram Pandit, who a year ago was under pressure by some regulators to ...