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Citigroup Inc

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  • NEW YORK, May 22- Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. FXCM filed an 8 K form with the U.S. Securities and Exchange Commission that the company would "assume the vast majority of margin forex accounts of CitiFX Pro...

  • *London and Wall St closed for holiday on Monday. LONDON, May 22- European shares hovered near three-week highs on Friday, boosted by a dip in the euro on currency markets, although luxury goods stocks underperformed after weak sales figures from Richemont. European equities have rallied this year on the back of a government bond-buying program and record low...

  • Vodafone hits 14-yr high as M&A talk rumbles on Friday, 22 May 2015 | 8:04 AM ET

    LONDON, May 22- Britain's top share index hit its highest level in 10 days on Friday, driven by a jump in network operator Vodafone's shares, which hit a 14- year high on the back of potential merger activity. Vodafone rose 4 percent, following upgrades from Citi and Deutsche Bank. Both brokers cited comments earlier in the week from Liberty Global chairman John...

  • *London and Wall St closed for holiday on Monday. LONDON, May 22- European shares slipped off three-week highs on Friday, with luxury goods group Richemont falling on weak sales, while a rebound in the euro also pegged back the region's stock markets. European equities have rallied this year on the back of a government bond buying programme and record low interest...

  • *Vodafone shares gain, Richemont slips. European Central Bank President Mario Draghi and Bank of England Governor Mark Carney, along with other central bankers, will be addressing an ECB Forum in Portugal later in the day. Attention will also fall on Federal Reserve Chair Janet Yellen, who is due to speak on the U.S. economic outlook before the Greater Providence...

  • LONDON, May 22- Euro zone bond yields fell on Friday ahead of German business sentiment data and U.S. inflation numbers that were both expected to be soft, helping to stabilise a market shaken by weeks of violent price swings. European Central Bank policymakers helped halt that sell-off earlier in the week, with Executive Board member Benoit Coeure saying the...

  • Her statement comes just one day after the SEC gave JP Morgan Chase& Co, Citigroup Inc, UBS AG, Barclays Plc and the Royal Bank of Scotland Group Plc a series of waivers to let them continue their usual securities business. But all the banks won SEC waivers to let them continue being "well-known seasoned issuers" or WKSIs- a status that lets them raise capital quickly...

  • First Libor defendant faces jury trial in London Thursday, 21 May 2015 | 10:30 AM ET

    *Former trader Hayes to go on trial in London. LONDON, May 21- Tom Hayes, a former star trader at UBS and Citigroup, will next Tuesday become the first person to face trial by jury over allegations he conspired to rig global Libor interest rates when his case begins in London. The trial marks a new phase in a seven-year, global inquiry that has culminated in banks and...

  • LONDON, May 21- Copper edged up on Thursday from the previous session's three-week low, helped by a weaker dollar and by hopes that a soft Chinese manufacturing reading will spur Beijing to do more to stimulate the world's No. 2 economy. Three-month copper on the London Metal Exchange was up 0.6 percent at $6,259 a tonne by 1341 GMT after touching $6,194 on...

  • LONDON, May 21- Copper edged up on Thursday from the previous session's three-week low, helped by a weaker dollar and by hopes that a soft Chinese manufacturing reading will spur Beijing to do more to stimulate the world's No. 2 economy. Three-month copper on the London Metal Exchange was up 0.6 percent at $6,255 a tonne by 0908 GMT, after touching $6,194 on...

  • NEW YORK/ LONDON, May 20- A U.S. regulator has granted a series of waivers to JPMorgan Chase& Co and four other major banks allowing them to continue their usual securities business, after they agreed to plead guilty to criminal charges. Four of the banks- Barclays Plc, JPMorgan, Citigroup Inc and the Royal Bank of Scotland Plc- pleaded guilty to manipulating foreign...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market-sensitive information. On Monday, ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers,...

  • Bank punishment 'won't change anything': Lawyer Wednesday, 20 May 2015 | 5:31 PM ET

    Punishments leveled on international banks involved in foreign exchange rate manipulation "won't change anything," an attorney said.

  • What's today's $5 billion banking settlement about? Wednesday, 20 May 2015 | 5:07 PM ET

    Traders at four banks— JPMorgan Chase, Citigroup's banking unit Citicorp, Barclays and the Royal Bank of Scotland— conspired to fix rates on U.S. dollars and euros at the expense of clients from 2007 to 2013. Another bank, Switzerland's UBS, agreed to plead guilty to manipulating key interest rates and will pay a separate criminal penalty. In a hypothetical...

  • *Minutes in line with interest rate expectations. May 20- U.S. stocks ended marginally lower on Wednesday after Wall Street saw little in the minutes from last month's Federal Reserve meeting to alter expectations of when the central bank will raise interest rates. "They didn't give much tangible evidence that they were going to do anything different than what...

  • *Barclays fined $2.4 bln, fires 8 employees. Citi, Barclays, JP Morgan and RBS plead guilty. Citigroup Inc, JPMorgan Chase& Co, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.

  • Beware of bond bubble forming in ETFs Wednesday, 20 May 2015 | 2:08 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Should you invest in fixed income when corporations are all too eagerly selling new bonds in staggeringly large amounts? Likely not.

  • Big banks plead guilty, fined $5.7B on rate rigging Wednesday, 20 May 2015 | 1:33 PM ET
    Barclays Capital office building in New York.

    Five of the world's largest banks were fined, and four pleaded guilty to U.S. criminal charges over foreign exchange manipulation.

  • NEW YORK/ LONDON, May 20- Citigroup Inc and JPMorgan Morgan Chase& Co are receiving regulatory waivers to allow them to continue to quickly issue new securities and continue doing business with mutual funds and exchange-traded funds, according to two people familiar with the matter. Barclays Plc, another bank that agreed to plead guilty on Wednesday to U.S....