Citibank NA News
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Citigroup Inc. can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.’s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign- exchange transactions, a judge ruled.
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Citigroup Inc. sued Barclays Plc for more than $141 million, claiming the London-based bank refused to indemnify it for losses suffered providing foreign-exchange settlement services to Lehman Brothers Holdings Inc.
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Ecuador’s bid to reduce poverty by taxing its banks is threatening to deepen the nation’s economic slump, as lenders curb credit and ratchet up interest rates after profits plunged to a three-year low.
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Red roses and gold trim decked the Waldorf Astoria ballroom last night at the Boston College Wall Street Council black-tie dinner, which raised $2.7 million for scholarships.
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The International Swaps & Derivatives Association, a financial industry derivatives group, is being probed as part of a European Union antitrust investigation into how data on credit derivatives is shared.
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Citigroup Inc., the third-biggest U.S. lender, named Anthony Santomero chairman of the board that oversees Citibank NA, the lender’s main banking subsidiary that holds almost 70 percent of its $1.94 trillion of assets.
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Citigroup Inc., the third-biggest U.S. lender, must submit plans to the Federal Reserve that show how the bank has improved safeguards against money laundering.
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The following issue is being redeemed via the company's call option:
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A unit of Bank of America Corp.’s Merrill Lynch was sued by a trust seeking more than $309 million in damages for alleged breaches of representations and warranties related to the sale of more than 5,000 mortgages.
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The following issue is being redeemed via the company's call option:
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