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Stocks Fall After Fed Minutes Show Willingness to Taper in June

Citigroup Inc

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  • BOSTON, May 15- Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.

  • Final Glance: Banks companies Wednesday, 15 May 2013 | 6:02 PM ET

    Bank of America Corp. rose$. 10 or. 7 percent, to $13.44. Citigroup Inc. rose $1.25 or 2.5 percent, to $51.34. Goldman Sachs rose $1.09 or. 7 percent, to $155.61.

  • Whale Watch: Einhorn Boosts Apple Stake by 83.5% Wednesday, 15 May 2013 | 5:40 PM ET

    Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.

  • After-Hours Buzz: CSCO, AAPL, TSLA & More Wednesday, 15 May 2013 | 5:02 PM ET

    Check out which companies are making headlines after the bell Wednesday:

  • Gap Hits 13-Year High  Wednesday, 15 May 2013 | 2:50 PM ET

    Citigroup upgraded Gap to buy yesterday. Oliver Chen, analyst at Citigroup, weighs in.

  • Most active New York Stock Exchange-traded stocks Wednesday, 15 May 2013 | 1:27 PM ET

    NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.8 percent to $4.38 with 23,716,300 shares traded. Bank of America Corp. rose 1.3 percent to $13.51 with 77,790,900 shares traded.

  • Midday Glance: Banks companies Wednesday, 15 May 2013 | 1:26 PM ET

    Bank of America Corp. rose$. 17 or 1.3 percent, to $13.51. Citigroup Inc. rose $1.23 or 2.5 percent, to $51.32. Goldman Sachs rose $1.05 or. 7 percent, to $155.57.

  • *China expected to spend less on steel. LONDON, May 15- Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.

  • Early Glance: Banks companies Wednesday, 15 May 2013 | 10:23 AM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $13.40. Citigroup Inc. rose$. 50 or 1.0 percent, to $50.59. JPMorgan Chase rose$. 36 or. 7 percent, to $50.59.

  • By Lawrence White and Steve Slater. HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.

  • Kuwait court ruling may threaten economic recovery Wednesday, 15 May 2013 | 10:00 AM ET

    KUWAIT, May 15- A ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects.

  • The banks covered in the report are Goldman Sachs, JPMorgan, Bank of America, Citigroup, Barclays, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and UBS.

  • How to Protect a Prepaid Debit Card Wednesday, 15 May 2013 | 8:15 AM ET

    Prepaid debit cards were the tool of choice in a recent $45 million heist, but they are useful for some consumers. Here's how to protect yours.

  • HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the face of muted revenue.

  • LONDON, May 15- Copper slid to its lowest in nearly two weeks on Wednesday after disappointing European economic data fuelled worries about global growth and metals demand, emboldening funds to add to short positions.

  • HSBC Could Cut 14,000 More Jobs In War on Costs Wednesday, 15 May 2013 | 12:33 AM ET

    HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.

  • Citi sells Brazilian card and finance business Tuesday, 14 May 2013 | 7:24 PM ET

    NEW YORK-- Citigroup Inc. said Tuesday that its Brazil unit has agreed to sell Credicard, its non-banking credit card and consumer finance business, to lender Banco Itau Unibanco.

  • Final Glance: Banks companies Tuesday, 14 May 2013 | 6:02 PM ET

    Bank of America Corp. rose$. 36 or 2.8 percent, to $13.34. Citigroup Inc. rose $1.17 or 2.4 percent, to $50.09. JPMorgan Chase rose$. 56 or 1.1 percent, to $50.23.

  • *Bank of America helps lead Dow higher. NEW YORK, May 14- U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. Bank of America, up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while Citigroup Inc rose 2.4 percent to $50.09.

  • In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.