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Citigroup Inc

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  • LONDON, April 1- The chances are growing of a formal devaluation of China's yuan against a weakening euro, analysts from Germany's Deutsche Bank, the currency world's second-biggest player, said in a note on Wednesday. The world's biggest currency trader, Citigroup, said last week that the People's Bank of China might shift its controlled yuan trading bands...

  • After dry spell, Italy hails M&A boom Wednesday, 1 Apr 2015 | 11:54 AM ET

    LONDON, April 1- Megers and acquisitions in Italy in the first three months of 2015 are already double the value of such transactions for all of the previous year, with hungry investors encouraged by Prime Minister Matteo Renzi's reforms. Italy was the third most-targeted country in Europe in the first quarter of the year, accounting for 11.6 percent of European...

  • Early Glance: Banks companies Wednesday, 1 Apr 2015 | 10:23 AM ET

    Bank of America Corp. fell$. 09 or. 6 percent, to $15.31. Citigroup Inc. fell$. 37 or. 7 percent, to $51.15. Goldman Sachs fell$. 30 or. 2 percent, to $187.67.

  • Morgan Stanley said 62 percent of investors polled at its European financial industry conference said the negatives of having a global banking business outweighed the benefits as regulations had "become overbearing" for the largest firms. "We found it striking that some management teams are seeking to make their businesses simpler, and we believe investors...

  • LONDON, April 1- British economic productivity fell in the last three months of 2014 and remains well below its pre-financial crisis level, underscoring the challenge of making the country's recovery sustainable in the long term. Productivity has been very weak since the crisis as output as grown far more slowly than employment, in contrast to most other big...

  • Final Glance: Banks companies Tuesday, 31 Mar 2015 | 5:58 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $15.39. Citigroup Inc. fell$. 12 or. 2 percent, to $51.52. US Bank fell$. 12 or. 3 percent, to $43.67.

  • Midday Glance: Banks companies Tuesday, 31 Mar 2015 | 2:47 PM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $15.46. Citigroup Inc. fell$. 05 or. 1 percent, to $51.59. US Bank fell$. 06 or. 1 percent, to $43.73.

  • *Shore Capital's equity capital markets profit up 60 pct. LONDON, March 30- In the land of the investment banking giants that stalk Europe's equity markets, a group of lesser-known advisory firms are treading on the toes of the big boys. Coming in at No.9 in terms of money raised, Cenkos has climbed above Barclays and tucked itself just behind Citigroup.

  • The first quarter is typically the strongest period of the year for investment bank income, and revenues for the top firms in the three months is likely to be up 7 percent from a year ago, analysts at JPMorgan said this week. FX volatility is up 30 percent in G7 currencies and volumes with it, and higher rates volatility is leading to higher trading volumes and...

  • Early Glance: Banks companies Tuesday, 31 Mar 2015 | 10:29 AM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $15.46. Citigroup Inc. fell$. 28 or. 5 percent, to $51.36. Goldman Sachs fell $1.03 or. 5 percent, to $189.99.

  • *Uncertainty over May election to impact FTSE in near-term. *Two thirds of forecasters see FTSE at record high by end-2015. LONDON, March 31- Britain's top FTSE 100 equity index is expected to stutter in the run-up to May's national election but then recover to touch new record highs, a Reuters poll forecast.

  • LONDON, March 31- The dollar is on track for its best quarterly performance since 2008 while the euro is set for its worst ever three months, reflecting a divergence in monetary policies between the United States and the euro zone. "First-quarter expectations were focused on cyclical divergence between the U.S. and rest of the world, and especially Europe," said...

  • *Tally of central bank support for Greece mounts. As political wrangling with Athens freezes the country's access to loans from euro zone states, Greece has been drawing heavily on the ECB, running up an ever larger tab. Any such losses would come on top of a default on some or all of Greece's more than 320 billion euro national debt and provide another reason for...

  • Citigroup selling Citi Cards Japan Tuesday, 31 Mar 2015 | 6:43 AM ET

    NEW YORK— Citigroup Inc. is selling the exclusive issuer of Diners Club cards in Japan to Sumitomo Mitsui Trust Bank Ltd.. Citi said that it will continue to serve its Japanese and non-Japanese corporate, institutional and government clients in Japan by focusing on corporate and investment banking, markets and transaction services businesses.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.

  • NEW YORK/ LONDON, March 30- Mergers and acquisitions this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price volatility and sought growth-boosting deals amid favorable financing conditions. "The deal activity in the first quarter was driven by continuing cash accumulation at companies,...

  • Final Glance: Banks companies Monday, 30 Mar 2015 | 5:56 PM ET

    Bank of America Corp. rose$. 21 or 1.4 percent, to $15.52. Citigroup Inc. rose$. 64 or 1.3 percent, to $51.64. Goldman Sachs rose $2.96 or 1.6 percent, to $191.02.

  • Midday Glance: Banks companies Monday, 30 Mar 2015 | 1:16 PM ET

    Bank of America Corp. rose$. 25 or 1.6 percent, to $15.56. Citigroup Inc. rose$. 78 or 1.5 percent, to $51.78. Goldman Sachs rose $3.48 or 1.9 percent, to $191.54.

  • *Novartis commits $225 mln upfront to private biotech firm. *Novartis also picks top scientist to lead immuno-oncology. March 30- Swiss drugmaker Novartis is digging deeper into cancer immunotherapy, one of the hottest areas of drug research, through a tie-up with Aduro Biotech worth up to $750 million.

  • Early Glance: Banks companies Monday, 30 Mar 2015 | 10:56 AM ET

    Bank of America Corp. rose$. 21 or 1.4 percent, to $15.52. Citigroup Inc. rose$. 75 or 1.5 percent, to $51.75. Goldman Sachs rose $2.94 or 1.6 percent, to $191.00.