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Citigroup

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Jane Fraser will succeed Michael Corbat as the head of Citigroup Inc, making her the first woman to lead a major Wall Street bank.

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Citigroup Inc., the third-largest U.S. bank, that makes most of its income from overseas markets, has unveiled plans to pull out of consumer banking …

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Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn …

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Wall Street banks are currently under pressure to improve working conditions of a new generation of bankers to fight defection and are thus raising …

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Bank of America Corp. and the U.S. Justice Department have finally put an end to probes stemming from sales of mortgage-backed bonds that fortified …

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Deutsche Bank AG reported a fall in its first-quarter net profit by one-third from a record level a year earlier. Deutsche Bank blames this on the sluggish client activity, which has continued to pressurize investment banking activities across the board and due to exceptional charges has resulted in the bank’s effort to reduce risks.

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Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its international clients and more customers repaying loans on time. Revenue fell 2 percent to $19.4 billion from the year-ago quarter.

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They stood strong, survived and even thrived through the global financial crisis. Now, having set a record high of $44 billion worth of mergers …

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