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Citigroup Inc

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  • *But as yields tick up, buyers of Portugal debt come in. LONDON, July 22- Portuguese bonds' worst week of the year shows that even when the headlines are grim, investors will snap up peripheral euro zone debt provided the yield is right- thanks to Mario Draghi.

  • MOVES-Desombre joins Citi from Credit Suisse Tuesday, 22 Jul 2014 | 9:23 AM ET

    LONDON, July 22- Citi has hired Credit Suisse banker Nicolas Desombre to lead its investment bank in France, the latest in a series of senior hires in Europe to help strengthen its operations in the region. In a memo to employees seen by Reuters, Citi said Desombre will also run its global insurance business alongside Gautam Chawla.

  • *Cautions on uncertainties in Hong Kong. ZURICH, July 22- Swatch Group on Tuesday warned of an uncertain outlook for its major market Hong Kong after reporting an 11.5 percent fall in first-half profits due to a strong Swiss franc, costs linked to the Sochi Olympics and a factory fire.

  • *Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.

  • TORONTO, July 21- Worried they may be given the cold shoulder by an imperious leadership, shareholders of Barrick Gold Corp, the world's biggest gold miner, are taking a "show me" approach to the company's latest management shakeup.

  • TORONTO, July 21- Worried they are being given the cold shoulder by an imperious leadership, shareholders of Barrick Gold Corp, the world's biggest gold miner, are taking a "show me" approach to the company's latest management shakeup.

  • LONDON, July 21- Currency investors began on Monday to show a glimmer of concern over the risks a surprise from Scotland's September vote on independence might pose to sterling, having appeared complacent over the issue so far.

  • Britain's fraud office starts probe into FX fixing Monday, 21 Jul 2014 | 11:22 AM ET

    Britain's anti-fraud agency said it has launched a criminal investigation into alleged rigging of the currency market.

  • July 21- Volume in Barclays Plc's private U.S. trading venue, or "dark pool," fell 79 percent in the week and a half after the New York attorney general accused the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.

  • LONDON, July 21- Britain's anti-fraud agency said on Monday it has launched a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market.

  • Why next two weeks' earnings may test economy Monday, 21 Jul 2014 | 7:32 AM ET

    A long hoped for improvement in the economy appears to be manifesting in second-quarter U.S. earnings, but the next two weeks could be the real test.

  • BUDAPEST, July 21- Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages into forints as the timing looks tricky: the planned conversion will take place after the Fed ends its stimulus programme.

  • J Christopher Flowers warns of banking crisis Monday, 21 Jul 2014 | 2:55 AM ET
    J. Christopher Flowers, chairman and founder of JC Flowers & Co.

    One of the biggest private equity investors in the banking sector has warned that regulation has depressed profitability, the FT reports.

  • MEXICO CITY/ NEW YORK, July 21- Preliminary findings of a probe by Citigroup's Mexican unit, Banamex, into how it lost more than $500 million in a corporate loan fraud differ markedly from the results of a separate investigation by the Mexican banking regulator.

  • Private jet recovery from recession an uneven ride Sunday, 20 Jul 2014 | 8:56 AM ET

    HARTFORD, Connecticut— Private jet sales are rising again, climbing out of a deep recession when the company plane was an easy target for spending cuts. The chief executive of General Dynamics Corp., maker of Gulfstream jets, says corporate customers are back and wealth creation is bringing out shoppers for private jets.

  • Companies such as General Electric Co and Intel Corp have reported solid results. Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations.

  • July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.

  • NEW YORK, July 18- Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.

  • *Euro falls after Italy cuts 2014 growth outlook. NEW YORK, July 18- The euro slipped below the psychologically significant $1.35 level on Friday for the first time since February as the dollar gained broadly amid geopolitical tensions aggravated by the downing of a Malaysian airliner in Ukraine.

  • Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.