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Citigroup Inc

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  • *Dollar index eases from previous day's 1- month high. LONDON, Feb 27- The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index had rallied 1.1 percent on Thursday, bringing it...

  • Final Glance: Banks companies Thursday, 26 Feb 2015 | 6:02 PM ET

    Bank of America Corp. fell$. 45 or 2.7 percent, to $16.04. Citigroup Inc. rose$. 32 or. 6 percent, to $52.41. Goldman Sachs rose $1.08 or. 6 percent, to $192.20.

  • Midday Glance: Banks companies Thursday, 26 Feb 2015 | 1:19 PM ET

    Bank of America Corp. fell$. 37 or 2.2 percent, to $16.12. Citigroup Inc. rose$. 21 or. 4 percent, to $52.30. Goldman Sachs rose$. 48 or. 3 percent, to $191.60.

  • *Charts show STOXX 600 strongly' overbought'. PARIS/ LONDON, Feb 26- A number of widely-followed market indicators are flashing red following record investment inflows into European equities ahead of the European Central Bank's quantitative easing programme. While none of the indicators is in itself a harbinger of a market fall, they signal investor...

  • Early Glance: Banks companies Thursday, 26 Feb 2015 | 10:35 AM ET

    Bank of America Corp. fell$. 19 or 1.2 percent, to $16.30. Citigroup Inc. rose$. 18 or. 3 percent, to $52.27. Goldman Sachs fell$. 68 or. 4 percent, to $190.44.

  • Feb 26- Sanofi's new Toujeo diabetes drug has won U.S. regulatory approval but with wording on its label that analysts say could make marketing difficult. Sanofi shares were 1 percent lower at 88.20 euros by 1029 GMT. Sanofi bought some time with a patent infringement lawsuit filed last year against Eli Lilly and Co to keep a cheaper Lantus generic off the market...

  • *Sales of 5 key drugs seen at close to 4 bln eur in 2015. LEVERKUSEN, Germany, Feb 26- Germany's largest drugmaker Bayer said it expects underlying core earnings to increase by more than 10 percent this year, banking on a boost from new drugs such as stroke prevention pill Xarelto. The company is benefiting from a strong dollar in particular as North America accounts...

  • LONDON, Feb 26- Anglo Dutch publisher Reed Elsevier plans to rename itself RELX and simplify its structure into one unit to make it more transparent for investors in the latest stage of its transformation. Analysts at Citi also said the alignment of the shareholder structure- maintaining a dual listing but combining all its assets into a single new group entity...

  • BOSTON, Feb 25- Citigroup Inc said it will support a rule change to make it easier for shareholders to nominate directors, making it the latest large company to embrace the controversial reform. James McRitchie, a private shareholder who often files corporate governance resolutions, said on Wednesday that Citigroup officials told him they will back a proposal...

  • NEW YORK, Feb 25- Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and anti-money laundering rules, Citigroup...

  • NEW YORK— Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a settlement with federal authorities, following the billions paid by JPMorgan Chase, Bank of America...

  • NEW YORK, Feb 25- Citigroup Inc said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit. Treasury, and the California Department of Business Oversight have asked the company for information on its compliance with the Bank Secrecy Act and anti-money laundering rules, Citigroup...

  • Correction: JPMorgan Cost Cuts story Wednesday, 25 Feb 2015 | 5:44 PM ET

    NEW YORK— In a story Feb. 24 about JPMorgan Chase closing bank branches, The Associated Press misspelled the name of a JPMorgan executive. JPMorgan to close 5 percent of bank branches to cut costs. NEW YORK— JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs.

  • WASHINGTON, Feb 25- MetLife Home Loans LLC will pay $123.5 million to resolve alleged Federal Housing Administration mortgage lending violations, the U.S. Department of Justice said on Wednesday. The unit, a subsidiary of MetLife Inc, knowingly violated the False Claims Act between September 2008 and March 2012 by originating and underwriting mortgage loans...

  • Midday Glance: Banks companies Wednesday, 25 Feb 2015 | 1:18 PM ET

    Bank of America Corp. rose$. 04 or. 2 percent, to $16.42. Citigroup Inc. fell$. 18 or. 3 percent, to $51.73. US Bank rose$. 09 or. 2 percent, to $44.81.

  • Sterling steadies after hitting 8-week high Wednesday, 25 Feb 2015 | 1:00 PM ET

    LONDON, Feb 25- Sterling steadied after hitting an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared with its peers in Europe, which has helped drive British shares to record levels. The gains also seem broadly the product of a steadying of expectations for the Bank of England to deliver an interest...

  • LONDON, Feb 25- Irish 10- year borrowing rates fell below 1 percent for the first time on Wednesday, as debt yields across the euro zone were vanishing before the looming launch of the European Central Bank's bond-buying scheme. Portugal, which is likely to be the big winner of the trillion euro programme, was the other country where 10- year yields fell to record...

  • Early Glance: Banks companies Wednesday, 25 Feb 2015 | 11:23 AM ET

    Bank of America Corp. fell$. 03 or. 2 percent, to $16.35. Citigroup Inc. fell$. 29 or. 6 percent, to $51.61. Wells Fargo fell$. 03 or percent, to $55.35.

  • The products from South Korean firm Celltrion and its partners Hospira and Mundipharma will compete with Remicade, the original branded drug from Johnson& Johnson and Merck& Co.. Unlisted Mundipharma said on Wednesday that it is launching its biosimilar Remsima in Germany, Italy, Britain, the Netherlands, Belgium and Luxembourg, following expiry of relevant...

  • LONDON, Feb 25- Irish and Portuguese bond yields hit all-time lows on Wednesday as fears about a Greek exit from the euro zone receded, leaving investors to refocus on the start in coming weeks of European Central Bank bond purchases. The move cements Ireland's recovery from the debt crisis and its return to capital markets after exiting an international...