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Citigroup Inc

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  • Citi to US: Argentina banking license at risk Tuesday, 19 Aug 2014 | 1:40 PM ET

    Citigroup told the US appeals court that Argentina's banking license may be at risk as a result of the standoff between the country and hedge funds.

  • Citi tells court its Argentina banking license at risk Tuesday, 19 Aug 2014 | 12:27 PM ET

    NEW YORK, Aug 19- Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff. Citi expects to receive about $5 million from Argentina ahead of its next coupon payment deadline of Sept. 30.

  • Aug 19- Citigroup Inc is considering the sale of its retail-banking business in Japan, the Wall Street Journal said on Wednesday, citing people familiar with the matter. Citigroup is considering a possible auction for the sale, the Journal reported.

  • NEW YORK, Aug 19- The U.S. dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.

  • Aug 18- Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million. Ingersoll-Rand said it planned to fund the acquisition through a combination of cash on hand and debt.

  • Why Hong Kong may face more property curbs Monday, 18 Aug 2014 | 11:31 PM ET

    Despite a slew of measures aimed at damping runaway Hong Kong home prices, some market segments are heating up again, possibly spurring further curbs.

  • Final Glance: Banks companies Monday, 18 Aug 2014 | 6:02 PM ET

    Bank of America Corp. rose$. 23 or 1.5 percent, to $15.45. Citigroup Inc. rose$. 79 or 1.6 percent, to $49.51. JPMorgan Chase rose$. 48 or. 8 percent, to $57.23.

  • The 2010 Dodd-Frank law, enacted by Congress to crack down on Wall Street excesses, curtailed those powers. Fifteen lawmakers from both political parties and both houses of Congress said on Monday that the Fed has not done enough on its own to adequately limit its crisis lending powers.

  • U.S. lawmakers slam Fed's crisis lending proposal Monday, 18 Aug 2014 | 5:08 PM ET

    The 2010 Dodd-Frank law, enacted by Congress to crack down on Wall Street excesses, curtailed those powers. Fifteen lawmakers from both political parties and both houses of Congress said on Monday that the Fed has not done enough on its own to adequately limit its crisis lending powers.

  • Cell phone tower operator T4U files for Brazil IPO Monday, 18 Aug 2014 | 4:13 PM ET

    SAO PAULO, Aug 18- T4U Holding Brasil SA, the country's No. 5 mobile phone tower operator, plans to sell shares in an initial public offering as soaring demand for high-speed Internet spurs the construction of thousands of towers in Latin America's largest country.

  • *Expects deal to add 18- 21 cents/ share to 2015 earnings. Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.

  • Early Glance: Banks companies Monday, 18 Aug 2014 | 10:29 AM ET

    Bank of America Corp. rose$. 12 or. 8 percent, to $15.34. JPMorgan Chase rose$. 44 or. 8 percent, to $57.19. US Bank rose$. 44 or 1.1 percent, to $41.71.

  • LONDON, Aug 18- Europe's corporate earnings recovery has increased dividend payouts by the most in five years, data showed on Monday, and low interest rates and a further rise in profits should keep payouts flowing.

  • Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader group of companies for an enterprise value of $1 billion to benefit from a growing market for tire pressure monitoring sensors.

  • Aug 18- Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million. Ingersoll-Rand said it planned to fund the acquisition through a combination of cash on hand and debt.

  • SHANGHAI, Aug 18- German luxury car Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators.

  • Wall Street banks plan for UK exit from EU Monday, 18 Aug 2014 | 12:05 AM ET

    Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is drifting apart.

  • SINGAPORE, Aug 18- Calling the top in financial markets is never easy. "I would not at all subscribe to the idea that markets are expensive and now's the time to get out," said Julie Dickson, a portfolio manager at Ashmore Investment Management in London, a fund with $75 billion in assets worldwide.

  • Fed blow to banks over ‘living wills’ Sunday, 17 Aug 2014 | 1:57 PM ET
    The Federal Reserve building.

    Global banks can no longer assume continuing access to the Fed's discount lending window, people familiar with the process have warned.

  • LONDON, Aug 17- The Bank of England is hoping it can gently wean Britain's economy off record-low borrowing costs, but its plan for "gradual and limited" rises in interest rates might prove harder to pull off than investors expect.