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Citigroup Inc

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  • 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.

  • UPDATE 1-Yoox confirms Net-a-Porter merger talks Monday, 30 Mar 2015 | 8:39 AM ET

    MILAN/ PARIS, March 30- Italian online fashion retailers Yoox and Richemont's Net-a-Porter confirmed merger talks were under way to create an industry leader in the fast-growing online fashion market. Sources told Reuters at the weekend that a purchase of Net-a-Porter by Yoox could be announced as early as this week, sending shares in the Italian group up more...

  • *Pension funds move some hedge funds into equity portfolios. *Seeking protection from overheated equity markets. LONDON, March 30- Pension schemes are changing their attitudes to hedge funds, bringing some into their mainstream equity portfolios in order to access products that offer protection in overheated markets.

  • *More than 160,000 jobs lost across 24 banks in two years- data. LONDON, March 30- Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. "The screws will stay tight on headcount," said Aymen Saleh,...

  • The regulator announced it was taking the measure due to what it called Citigroup Inc's deal with litigating hedge funds in the U.S. courts in the country's long-running legal fight over unpaid debt. The leftist government is concerned Citigroup's departure may further hamper the chances of interest payments on debt restructured after its record 2002...

  • BUENOS AIRES, March 27- Argentina's securities regulator said on Friday it was temporarily suspending Citibank Argentina from conducting capital market operations.

  • BUENOS AIRES, March 27- Argentina's central bank said on Friday it was temporarily suspending Citibank Argentina from conducting capital market operations.

  • Final Glance: Banks companies Friday, 27 Mar 2015 | 6:10 PM ET

    Bank of America Corp. fell$. 11 or. 7 percent, to $15.31. Citigroup Inc. fell$. 19 or. 4 percent, to $51.00. Goldman Sachs rose$. 82 or. 4 percent, to $188.06.

  • Midday Glance: Banks companies Friday, 27 Mar 2015 | 1:16 PM ET

    Bank of America Corp. fell$. 10 or. 6 percent, to $15.33. Citigroup Inc. fell$. 24 or. 5 percent, to $50.96. US Bank fell$. 24 or. 6 percent, to $42.76.

  • FRANKFURT, March 27- Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles. Companies across dozens of different industries are now eyeing how these mobile business...

  • Franc fallout sparks prime broking shake-out Friday, 27 Mar 2015 | 11:19 AM ET

    The market's biggest player, Citigroup, has rationalised its client base, jettisoning a number of smaller customers, and rival top level banks have proved reticent in providing them with an alternative home, several market sources said. Other major players include Deutsche Bank, BNP Paribas, JP Morgan and Bank of America Merrill Lynch. "Unless someone like JP...

  • LONDON, March 27- More losses could follow the dollar's recent 5- cent slide versus the euro, Citigroup global chief economist Willem Buiter said on Friday, another major voice to question forecasts the greenback will march relentlessly higher. The official forecast from the currency strategy team at Citi, the foreign exchange market's single biggest player,...