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Citigroup Inc

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  • April 24- SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter. GE is working with Citigroup Inc to sell the business, which is expected to be worth $10 billion, the...

  • Ex-Chesapeake CEO launching 'blank check' company Friday, 24 Apr 2015 | 2:27 PM ET
    Aubrey McClendon

    Despite an embarrassing lawsuit accusing him of stealing trade secrets, Aubrey McClendon is raising additional cash for new oil and gas exploits.

  • Midday Glance: Banks companies Friday, 24 Apr 2015 | 1:36 PM ET

    Bank of America Corp. fell$. 04 or. 3 percent, to $15.65. Citigroup Inc. fell$. 25 or. 5 percent, to $52.97. Goldman Sachs fell $1.09 or. 5 percent, to $198.22.

  • BRASILIA, April 24- Brazilian interest rates are set to rise sharply again next week, a Reuters poll showed on Friday, as the central bank attempts to boost its inflation-fighting credentials even as signs of a recession continue to grow. Forty-two of the 48 economists surveyed in the poll expect policymakers to raise the benchmark Selic rate by 50 basis points...

  • *Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...

  • Early Glance: Banks companies Friday, 24 Apr 2015 | 10:55 AM ET

    Bank of America Corp. fell$. 01 or. 1 percent, to $15.68. Citigroup Inc. fell$. 27 or. 5 percent, to $52.95. Goldman Sachs fell $1.30 or. 7 percent, to $198.01.

  • Hold Bank of America accountable: Analyst Friday, 24 Apr 2015 | 9:13 AM ET
    Bank of America

    Shareholders should throw out Bank of America's corporate governance board after it promoted CEO Brian Moynihan to chairman, analyst Mike Mayo tells CNBC.

  • LONDON, April 24- Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to slash trading operations...

  • LONDON, April 24- AstraZeneca is getting a $450 million windfall by letting Celgene develop a prized immunotherapy drug for blood cancers but its chief executive insists the deal is about strategy, not cash. Chief Executive Pascal Soriot, however, said he had been looking for a partner in blood cancers since last year and by teaming up with U.S.-based Celgene, a...

  • BEIJING, April 24- China will cut interest rates again this year and reduce the amount of reserves that banks must hold if it wants to expand its economy by 7 percent, a Reuters poll showed, in its biggest bout of policy easing since the 2008 global financial crisis. A poll of between 11-15 analysts showed China is expected to lower interest rates by 25 basis points...

  • WASHINGTON, April 23- The U.S. Justice Department has sued Quicken Loans Inc for filing false claims on government-insured mortgages and other violations. The complaint, filed in the U.S. District Court for the District of Columbia on Thursday, said the company improperly originated and underwrote mortgages insured by the Federal Housing Administration.

  • Final Glance: Banks companies Thursday, 23 Apr 2015 | 6:05 PM ET

    Bank of America Corp. fell$. 05 or. 3 percent, to $15.69. Citigroup Inc. rose$. 12 or. 2 percent, to $53.22. Goldman Sachs rose$. 99 or. 5 percent, to $199.31.

  • WASHINGTON, April 23- The U.S. Justice Department has sued Quicken Loans Inc for filing false claims on government-insured mortgages and other violations. The complaint, filed in the U.S. District Court for the District of Columbia on Thursday, said the company improperly originated and underwrote mortgages insured by the Federal Housing Administration.

  • DoJ sues Quicken Loans over FHA loans Thursday, 23 Apr 2015 | 2:50 PM ET
    Dan Gilbert, founder and CEO of Quicken Loans

    The United States has filed a lawsuit against Quicken Loans over alleged mortgage lending violations, the DoJ announced Thursday.

  • Midday Glance: Banks companies Thursday, 23 Apr 2015 | 1:24 PM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.78. Citigroup Inc. rose$. 21 or. 4 percent, to $53.31. Goldman Sachs rose $2.10 or 1.1 percent, to $200.42.

  • Early Glance: Banks companies Thursday, 23 Apr 2015 | 11:02 AM ET

    Bank of America Corp. rose$. 01 or percent, to $15.75. Citigroup Inc. fell$. 03 or. 1 percent, to $53.07. Goldman Sachs rose$. 01 or percent, to $198.33.

  • LONDON, April 23- Britain's top equity index pushed higher on Thursday, boosted by a bump-up for utilities stocks just two weeks ahead of the UK's general election. United Utilities rose 1.8 percent, SSE advanced 1.1 percent and National Grid rose 0.6 percent after investment bank Citigroup said the sector would be favoured as a protection against any market...

  • CHICAGO, April 22- Union Pacific Corp said on Thursday its first quarter results were hurt by a drop in coal volumes and the company warned coal would continue to weigh on its results throughout the year. Union Pacific said coal volumes fell 5 percent during the quarter. "Shares will be pressured on these results, but we have confidence that Union Pacific will be...

  • *Gold posted biggest daily loss in 1 month on Wed. LONDON, April 23- Gold edged above a three-week low on Thursday, as the dollar and shares eased, following its biggest drop in over a month after strong U.S. housing data stoked expectations the Federal Reserve could raise interest rates soon. Spot gold ticked up 0.2 percent to $1,189.58 an ounce by 1214 GMT, after...

  • British stocks flat after retail sales drop Thursday, 23 Apr 2015 | 8:06 AM ET

    *FTSE 100 barely changed after retail sales figures. *WPP falls after disappointing Q1 sales. Utilities stocks including United Utilities and SSE were up more than 1 percent after a broker update from Citi said election volatility would affect the sector going forward, adding that National Grid was the most immune in its view.