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Tag Archives: citigroup

Large U.S. banks must show how they would wind down

WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the ...

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Citi’s Q1 profit falls 32 percent on lower loans

NEW YORK — Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up ...

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Firms warning customers after huge email data breach

With the possible theft of millions of email addresses from an advertising company, several large companies have started warning customers to expect fraudulent emails that try to coax account login information from them. Companies behind such brands as Chase, Citi ...

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Banks, credit-card issuers warn of email breach

NEW YORK — With the possible theft of millions of consumer email addresses from an advertising company, several large companies have started warning customers to expect fraudulent emails that try to coax account login information from them. A dozen companies ...

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Foreclosure activity slows sharply in February

LOS ANGELES — The number of U.S. homes receiving a foreclosure-related notice fell to a 36-month low last month, as lenders delayed taking action against homeowners amid heightened scrutiny over banks’ handling of home repossessions. Some 255,101 properties received at ...

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Banks report fewer mortgages going bad

Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One ...

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Bethesda based American Capital prices share offer at $28 each

BETHESDA — American Capital Agency Corp. said it had priced its public offering of 23.4 million shares at $28 per share, and expects it to generate net proceeds of approximately $625 million after expenses. The offered price announced late Thursday ...

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SEC examining claim on Citigroup execs

WASHINGTON — The internal watchdog of the Securities and Exchange Commission is investigating an allegation that the agency’s enforcement chief gave a break to two Citigroup executives when the bank settled charges of misleading investors. Inspector General David Kotz confirmed ...

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