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Citigroup Inc

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  • LONDON, Dec 10- Oil prices were anchored at a five-year low on Wednesday and European stocks recovered from the previous day's selloff after a similar rebound in Chinese shares prompted by hopes that weak inflation will bring more monetary policy easing in China. "watching equities, oil and Greece." At 0845 GMT Britain's FTSE 100 was up 0.5 percent at 6563 points,...

  • *SMBC to buy Citi's Japan retail operations for about $330 m- sources. *Citi also in talks to sell its Japan card unit with others- sources. Citi's Japan consumer banking business has been hurt by weak loan demand and falling interest margins in a market where the U.S.-based lender has operated for over 100 years.

  • Most of the banks, which include Citigroup and Goldman Sachs, would be held to higher capital requirements than under a similar rule by global regulators, officials said. Fed Vice Chairman Stanley Fischer said during Tuesday's meeting that JPMorgan Chase& Co would need more than $20 billion of additional capital to comply. JPMorgan spokesman Andrew Gray said...

  • Cramer: Why the market decline made sense Tuesday, 9 Dec 2014 | 6:11 PM ET
    Wide receiver Josh Huff #11 of the Philadelphia Eagles fumbles the football forced by defensive end Frostee Rucker #98 of the Arizona Cardinals in the second quarter during the NFL game at the University of Phoenix Stadium on October 26, 2014 in Glendale, Arizona.

    Jim Cramer thinks that the market decline that occurred on Tuesday actually made a lot of sense. What the heck? Here's why.

  • Dec 9- Citigroup Inc will record $2.7 billion in litigation expenses and another $800 million in repositioning charges, leaving the third-largest U.S. bank "marginally profitable" in the fourth quarter, its chief executive officer said on Tuesday. Before the announcement, analysts had expected Citigroup would make about $3.4 billion in the fourth quarter,...

  • Final Glance: Banks companies Tuesday, 9 Dec 2014 | 6:10 PM ET

    Bank of America Corp. fell$. 10 or. 6 percent, to $17.56. Citigroup Inc. fell$. 52 or. 9 percent, to $55.85. Goldman Sachs rose$. 27 or. 1 percent, to $196.89.

  • Fed passes capital surcharges for major banks Tuesday, 9 Dec 2014 | 4:26 PM ET
    Federal Reserve Chair Janet Yellen

    These surcharges would be for the eight top-tier banks with $50 billion or more in consolidated assets.

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is winding down in its current form, laying off some U.S. employees and pursuing a sale of some overseas operations, sources said on Tuesday. The divestment by Occidental Corp, which bought Westport, Connecticut- based Phibro from Citigroup Inc five years ago, will allow Hall...

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is said to be shutting down, with Hall focusing on his multibillion-dollar hedge fund, according to sources and reports on Tuesday. Westport, Connecticut- based Phibro, owned by Occidental Corp, is set to "close shop," according to two market sources who were told of the closure.

  • Midday Glance: Banks companies Tuesday, 9 Dec 2014 | 1:21 PM ET

    Bank of America Corp. fell$. 23 or 1.3 percent, to $17.43. Citigroup Inc. fell$. 88 or 1.6 percent, to $55.49. Goldman Sachs fell $1.80 or. 9 percent, to $194.82.

  • Most active New York Stock Exchange-traded stocks Tuesday, 9 Dec 2014 | 1:21 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 2.9 percent to $32.89 with 58,289,300 shares traded. Advanced Micro Devices Inc. rose. 4 percent to $2.59 with 22,842,500 shares traded.

  • Midday movers: Abercrombie & Fitch, Conn's & more Tuesday, 9 Dec 2014 | 12:37 PM ET

    Some of Tuesday's midday movers:

  • Tale of two big banks  Tuesday, 9 Dec 2014 | 12:17 PM ET

    CNBC's Kayla Tausche takes a look at what issues are raising concerns for some big banks in Q4, including an announcement Citi will take a charge of $3.5 billion for legal investigations and restructuring.

  • Citigroup to take $3.5 billion charge this quarter Tuesday, 9 Dec 2014 | 11:48 AM ET

    NEW YORK— Citigroup said Tuesday that it will incur charges of $3.5 billion in the fourth quarter to cover legal and restructuring costs. Like other U.S. banks and financial institutions, Citi is still grappling with the fallout from the financial crisis and the tougher regulatory scrutiny that the industry is facing in the aftermath. Citi's CEO Michael Corbat...

  • Dec 9- Bank of America Corp and Citigroup Inc expect weaker trading revenue in the fourth quarter, according to presentations they made at an investor conference in New York. Citigroup's market revenue will fall about 5 percent, Chief Executive Mike Corbat said at the conference. Bank of America's shares were down 1.9 percent at $17.32 in late morning trading on...

  • Dec 9- Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday. The change took Citigroup's third-quarter profit down to $2.84 billion.. Citigroup shares dropped as Corbat announced the latest costs.

  • Dec 9- Bank of America Corp and Citigroup Inc said they expected weaker trading revenue in the fourth quarter. BofA's sales and trading revenue are expected to fall from both the third quarter and a year earlier, the bank said in a presentation at an investor conference in New York on Tuesday. Citigroup's market revenue will fall about 5 percent, Chief Executive...

  • Dec 9- Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday. Corbat, speaking at an investor conference in New York, said the legal costs stemmed from investigations into foreign exchange trading, setting of LIBOR interest...

  • Early Glance: Banks companies Tuesday, 9 Dec 2014 | 10:21 AM ET

    Bank of America Corp. fell$. 21 or 1.2 percent, to $17.46. Citigroup Inc. fell$. 28 or. 5 percent, to $56.09. Goldman Sachs fell $1.95 or 1.0 percent, to $194.67.

  • Citigroup to take $3.5 billion charge in Q4 Tuesday, 9 Dec 2014 | 10:20 AM ET
    Michael Corbat, new chief executive officer of Citigroup Inc.

    Citigroup CEO Michael Corbat said the firm's fourth-quarter will be "marginally profitable" after the charges.