Citigroup has carved out an an improbable niche, given its history of receiving the most federal aid among banks in the wake of the 2008 financial crisis. The bank, which already has the most derivatives of any of its U.S. rivals, has been buying credit-default swaps from its European rivals, which are under growing pressure to quickly cut holdings ...

  Wall Street threw in the towel on Tesla Motors this week. Sort of, anyway. Analysts’ consensus forecast for Tesla’s earnings per share in 2016 finally slipped into the red this week. A few cuts in the wake of Wednesday’s second-quarter results took the estimate from a profit of about 23 cents to a loss of about 65 cents, according ...

  Turkish President Recep Tayyip Erdogan arrived Russia on Tuesday for his first meeting with counterpart Vladimir Putin since the two strongmen began healing a bitter feud over Ankara’s downing of a Russian warplane last November. The shooting down of a Russian jet saw a furious Putin slap economic sanctions on Turkey and launch a bitter war of words. Putin ...