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NEW YORK— Citizens Financial Group Inc. has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range. The U.S. banking unit of The Royal Bank of Scotland Group said late Tuesday that it sold 140 million shares in the IPO that had initially been expected to fetch between $23 to $25 a share.
Bank of America Corp. rose$. 02 or. 1 percent, to $17.05. Citigroup Inc. fell$. 20 or. 4 percent, to $52.84. Goldman Sachs fell$. 20 or. 1 percent, to $185.09.
Bank of America Corp. rose$. 12 or. 7 percent, to $17.15. Citigroup Inc. fell$. 02 or percent, to $53.02. Goldman Sachs rose $1.02 or. 6 percent, to $186.31.
Sept 23- Colombian banking group Grupo Aval SA raised $1.26 billion, more than expected, from its initial public offering in New York on Tuesday, and plans to use the funds to bolster its banks' capital. J.P. Morgan Securities LLC, Goldman Sachs& Co, Citigroup Global Markets Inc and Morgan Stanley& Co LLC are underwriting the offering.
Bank of America Corp. rose$. 10 or. 6 percent, to $17.13. Citigroup Inc. rose$. 10 or. 2 percent, to $53.14. JPMorgan Chase rose$. 09 or. 1 percent, to $61.00.
Sept 23- Colombian banking group Grupo Aval SA raised $1.1 billion after its U.S. initial public offering was priced at $13.50 per American Depositary Share. J.P. Morgan Securities LLC, Goldman Sachs& Co, Citigroup Global Markets Inc and Morgan Stanley& Co LLC are underwriting the offering.
Sept 23- Colombian banking group Grupo Aval SA raised $1.1 billion after its U.S. initial public offering was priced at $13.50 per American Depositary Share. They are due to start trading on the New York Stock Exchange on Tuesday under the ticker "AVAL."
HONG KONG, Sept 23- Hong Kong shares finished at their lowest in two months on Tuesday, unimpressed by stronger Chinese mainland markets and weighed down by a few index heavyweights. Tencent Holdings slid 1.8 percent to a nearly three-month closing low, hurt by the New York listing of rival Alibaba Group.
NEW YORK, Sept 22- Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.
Bank of America Corp. rose$. 08 or. 5 percent, to $17.03. Citigroup Inc. fell$. 44 or. 8 percent, to $53.04. Goldman Sachs fell$. 91 or. 5 percent, to $185.29.
FRANKFURT, Sept 22- Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry.
Bank of America Corp. rose$. 16 or 1.0 percent, to $17.11. Citigroup Inc. fell$. 14 or. 3 percent, to $53.34. Goldman Sachs fell$. 26 or. 1 percent, to $185.94.
Bank of America Corp. rose$. 19 or 1.1 percent, to $17.14. Citigroup Inc. rose$. 06 or. 1 percent, to $53.54. US Bank rose$. 01 or percent, to $43.24.
LONDON, Sept 22- GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back sceptical investors.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
Blackstone is "giving up on Russia," highlighting how even well-connected Western investors are shying away from doing business in the country.
BRUSSELS, Sept 21- Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it.
Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.
Bank of America Corp. fell$. 09 or. 5 percent, to $16.95. Citigroup Inc. fell$. 18 or. 3 percent, to $53.48. Goldman Sachs fell $1.69 or. 9 percent, to $186.20.
Sept 19- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25- $28 per share, valuing the company at $2.32 billion at the top end of the range. It counts funds affiliated with Great Hill Partners, Battery Ventures and HarbourVest Partners among its stockholders.