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Citigroup Inc

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  • Swiss shock: Leucadia bails out FXCM after losses Friday, 16 Jan 2015 | 3:14 PM ET
    A trader at FXCM in Japan.

    The brokerage was brought to its knees by the Swiss National Bank's surprise move on the franc Thursday.

  • Jan 16- Citigroup Inc, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and other retail trading platforms,...

  • Jan 16- Citigroup Inc, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and other retail trading platforms,...

  • Most active New York Stock Exchange-traded stocks Friday, 16 Jan 2015 | 1:19 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AT&T Inc. rose 1.6 percent to $33.78 with 18,824,300 shares traded. Bank of America Corp. rose. 4 percent to $15.26 with 89,392,600 shares traded.

  • Midday Glance: Banks companies Friday, 16 Jan 2015 | 1:18 PM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $15.26. Citigroup Inc. fell$. 12 or. 3 percent, to $47.11. Goldman Sachs fell$. 97 or. 5 percent, to $177.52.

  • *Copper down 6.2 percent on the week. LONDON, Jan 16- Copper edged further away from 5-1/ 2 year lows on Friday after moves by China to boost power grid spending and lending helped to ease fears about demand, but the metal still notched its biggest weekly loss since 2011.. Copper found support from news that the Chinese State Grid plans to boost investment by 24 percent...

  • Don't expect a lot of positive earnings surprises Friday, 16 Jan 2015 | 12:01 PM ET

    This just may be the earnings season that we see the impact of the global slowdown, says Michael Yoshikami.

  • LONDON, Jan 16- London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry. Goldman Sachs said on Friday its staff were paid $12.69 billion in compensation and benefits for 2014, up 0.6 percent on 2013. That equated to an average of...

  • Early Glance: Banks companies Friday, 16 Jan 2015 | 10:13 AM ET

    Bank of America Corp. fell$. 11 or. 7 percent, to $15.10. Citigroup Inc. fell$. 15 or. 3 percent, to $47.08. Goldman Sachs fell $2.97 or 1.7 percent, to $175.52.

  • *Fourth-qtr net income $4.38/ shr vs. est. Jan 16- Goldman Sachs Group Inc reported a 7 percent drop in fourth-quarter profit as an unexpected bout of market volatility in December hit its bond-trading business. Overall, FICC revenue fell 29 percent to $1.22 billion in the quarter, mainly due to low levels of activity in debt products and mortgages, partially offset...

  • Goldman tops earnings, but hit by weak bond trading Friday, 16 Jan 2015 | 8:23 AM ET
    Lloyd Blankfein joins Squawk Box on the first day at their new studio in New York City.

    Goldman Sachs topped quarterly results, but an unexpected bout of volatility hit revenue in its business that trades bonds, currencies and commodities.

  • Jan 16- Goldman Sachs Group Inc reported a 7 percent drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit revenue in its business that trades bonds, currencies and commodities. Goldman's net income fell to $2.17 billion, or $4.38 per share, in the fourth quarter from $2.33 billion, or 4.60 per...

  • More banks targeted for mortgage securities fraud Friday, 16 Jan 2015 | 6:24 AM ET
    New York State Attorney General Eric T. Schneiderman speaks at a press conference, March 3, 2014, in New York.

    NY's top law enforcement official plans to help bring more fraud cases against the world's biggest banks for selling shoddy mortgage-backed securities before the financial crisis.

  • LONDON, Jan 16- Gold edged down on a modestly higher dollar on Friday, but looked set to post its best week in 10 months, as investors sought safety from volatility in equity and currency markets after Switzerland unexpectedly abandoned a cap on the franc. The metal had posted its biggest daily gain in six weeks on Thursday, up 2.6 percent, hitting a four-month high of...

  • LONDON, Jan 16- Sterling held near a seven-year high against a weakened euro on Friday as expectations grew that the European Central Bank would resort to further monetary easing next week. The SNB decision comes ahead of key event risks in the euro zone--the ECB decision and the snap Greek elections, "said Nawaz Ali, UK market analyst at Western Union.

  • Oil-company rally snaps 5-day losing streak Friday, 16 Jan 2015 | 12:07 AM ET

    Oil prices jumped after the International Energy Agency predicted drillers would cut production this year. "Lower oil prices on the whole are supportive of economic growth worldwide," said Jason Pride, director of investment strategy at Glenmede Trust. "They're very helpful for Japan, Europe, China and India.

  • Korea 'chaebols' under pressure after Hyundai setback Thursday, 15 Jan 2015 | 6:26 PM ET

    Setback pm Hyundai's potential investor reveals how "chaebols" can no longer count on an acquiescent market to back murky decisions.

  • Final Glance: Banks companies Thursday, 15 Jan 2015 | 6:08 PM ET

    Bank of America Corp. fell$. 84 or 5.2 percent, to $15.20. Citigroup Inc. fell $1.82 or 3.7 percent, to $47.23. JPMorgan Chase fell $1.82 or 3.2 percent, to $54.99.

  • *Bank of America, Citi fall after results. *Swiss National Bank scraps three-year-old euro cap on franc. "We're probably going to see slowing in the global economy, and it will be very difficult to sail through a global recession without getting touched," said Scott Colyer, chief executive officer of Advisors Asset Management in Monument, Colorado.

  • Stocks decline for 5th day as oil falls, banks miss Thursday, 15 Jan 2015 | 4:18 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks fell Thursday, extending losses into a fifth day.