Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment portfolio.

May 16 (Bloomberg) -- In 2003, the Culinary Institute of America outgrew a former Jesuit seminary building on its Hyde Park, New York, campus. So it asked Edward Shapoff , a Goldman Sachs Group Inc. banker on its finance committee, for advice on borrowing

July 21 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, may cut purchases of home loans from banks and bonds backed by housing debt to shore up its capital amid record delinquencies.

The bank, majority-owned by the Brazilian government, was jolted in 2005 when peers including Banco Bradesco SA , the biggest privately held lender, took advantage of the country's booming economy to boost lending 29 percent, almost double the increase a

Federal regulators are expected to extend through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage-finance companies Fannie Mae and Freddie Mac and 17 large investment banks.