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Citigroup Inc

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  • Most active New York Stock Exchange-traded stocks Friday, 6 Mar 2015 | 1:26 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. fell 1.5 percent to $33.49 with 21,899,000 shares traded. AbbVie fell 1.5 percent to $56.00 with 11,825,100 shares traded.

  • Midday Glance: Banks companies Friday, 6 Mar 2015 | 1:25 PM ET

    Bank of America Corp. rose$. 35 or 2.2 percent, to $16.35. Citigroup Inc. fell$. 21 or. 4 percent, to $53.35. Goldman Sachs fell $2.42 or 1.3 percent, to $187.66.

  • Early Glance: Banks companies Friday, 6 Mar 2015 | 10:57 AM ET

    Bank of America Corp. rose$. 60 or 3.7 percent, to $16.60. Goldman Sachs rose $1.06 or. 6 percent, to $191.14. Morgan Stanley rose $1.06 or 3.0 percent, to $36.58.

  • A track record of coups and civil wars has historically made many investors wary of the region, which is still struggling with unrest in Mali, turmoil in Central African Republic and the spillover from Nigeria's Boko Haram Islamist insurgency. I continue to believe that the opportunities are very good, with Ivory Coast being the belle of the ball, "he told Reuters...

  • Emerging Europe drew some support from the European Central Bank's announcement that it would start printing money from next week. While MSCI's main emerging equity index edged up, snapping a six-day losing streak, Chinese stocks fell, closing the week more than 2 percent lower. Turkey's still-large current account deficit makes it vulnerable to any fall in...

  • *FDA set to decide on approval of Novartis' Zarxio. LONDON/ LOS ANGELES, March 6- A revolution is brewing in healthcare with lower-cost copies of complex biotech drugs finally set to reach the United States, nine years after so-called biosimilars were launched in Europe. The first approval for a biosimilar in the United States is expected imminently- Zarxio,...

  • Final Glance: Banks companies Thursday, 5 Mar 2015 | 6:03 PM ET

    Bank of America Corp. rose$. 16 or 1.0 percent, to $16.00. Citigroup Inc. fell$. 11 or. 2 percent, to $53.56. Goldman Sachs rose$. 41 or. 2 percent, to $190.08.

  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • Midday Glance: Banks companies Thursday, 5 Mar 2015 | 1:28 PM ET

    Bank of America Corp. rose$. 11 or. 7 percent, to $15.95. Citigroup Inc. fell$. 30 or. 6 percent, to $53.37. Goldman Sachs fell$. 56 or. 3 percent, to $189.11.

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • LONDON, March 5- Sterling rose to its strongest since late 2007 against the euro on Thursday, bolstered by signs that the European Central Bank might have to plough on with outright money-printing far into next year or longer to restore growth to the euro zone. In a volatile few minutes during ECB president Mario Draghi's post-meeting news conference, sterling...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • Too big to fail banks just keep getting bigger Thursday, 5 Mar 2015 | 11:49 AM ET
    JPMorgan Chase headquarters, New York.

    Too big to fail? It may turn out that the biggest banks in the U.S. are too big to break up.

  • Early Glance: Banks companies Thursday, 5 Mar 2015 | 11:23 AM ET

    Bank of America Corp. fell$. 02 or. 1 percent, to $15.82. Citigroup Inc. fell$. 34 or. 6 percent, to $53.33. Goldman Sachs rose$. 55 or. 3 percent, to $190.22.

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- Turkey's lira hit an all-time low on Thursday as meetings with investors in New York did little to allay concern over President Tayyip Erdogan's battle with the central bank or Ankara's economic management team. Efforts by Prime Minister Ahmet Davutoglu, Deputy Prime Minister Ali...

  • Early movers: PCYC, COST, MCD, AAPL & more Thursday, 5 Mar 2015 | 7:50 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *Citi's sale of Akbank stake drags down banking stocks. ISTANBUL, March 5- The Turkish lira dropped to an all-time low on Thursday and bank stocks tumbled, as concern grew over President Tayyip Erdogan's battle with the central bank and the future of the government's economic team. Efforts by Turkish Prime Minister Ahmet Davutoglu and his economic team to soothe...

  • LONDON, March 5- Emerging market stocks fell to a three-week low on Thursday as a buoyant dollar and China calling its lowest growth for 25 years a' new normal' soured the mood among investors. The MSCI emerging equities index was 0.2 percent lower at a level last seen in mid February, while the Asia excluding Japan benchmark, fell 0.4 percent. Shares in Turkey's...

  • ISTANBUL, March 5- Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York- based Citi has been paring back in international markets in recent years, pulling out of retail banking in Turkey as well as long-established...

  • NEW YORK, March 5- Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits. Citigroup and Costco have not disclosed terms of the deal, and outsiders can only...