C News 47.89 08/06/2014 04:45:29 Citigroup Inc (C)

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NY judge warily lets $285M Citigroup deal proceed
By LARRY NEUMEISTER - AP - Tue Aug 05, 6:28PM CDT
NEW YORK (AP) — A Manhattan judge begrudgingly approved a long-delayed $285 million settlement between Citigroup Inc. and government regulators Tuesday over toxic mortgage securities, but not without a parting shot at the appeals court that forced his hand.

ClearBridge Value: Making It A Top Mutual Fund Again
at Investor's Business Daily - Tue Aug 05, 5:30PM CDT
How do you follow a legend? That's been one of the challenges for Sam Peters, who has been lead manager of $2.7 billion ClearBridge Value since taking the baton from Bill Miller about two years ago. Miller -- who still runs $2.1 billion Legg Mason...

US regulators: Banks' failure plans inadequate
AP - Tue Aug 05, 5:19PM CDT
WASHINGTON (AP) — Federal regulators have told the biggest banks in the U.S. that their plans for unwinding their operations in case of failure are inadequate to prevent the sort of financial disaster that struck in 2008 and led to a massive government bailout.

Final Glance: Banks companies
AP - Tue Aug 05, 5:06PM CDT
NEW YORK (AP) — Shares of some top banks companies were down at the close of trading:

How Will Citigroup (C) Stock Be Affected By SEC Settlement?
at The Street - Tue Aug 05, 2:13PM CDT
A U.S. district judge reluctantly approved a $285 million fraud settlement between the bank and the SEC, after an appeals court voided his decision to reject it as inadequate.

Citi to Source $2.5 Billion to "Power Africa"
Business Wire - Tue Aug 05, 1:50PM CDT
Citi has pledged to source $2.5 billion in incremental capital to improve access to electricity for millions of people across Africa as part of the "Power Africa" initiative.

Midday Glance: Banks companies
AP - Tue Aug 05, 12:21PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:

Gannett Latest To Hive Off Publishing Business
at The Street - Tue Aug 05, 11:23AM CDT
Owner of USA Today will spin newspaper unit, buy out 73% stake in parent of Cars.com for $1.8 billion.

Early Glance: Banks companies
AP - Tue Aug 05, 9:40AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:

Citi to Vend Commitment in Metalmark to Lexington Partners - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 6:20PM CDT
Bound by regulatory pressure, on Friday, Citigroup Inc. (C) announced that it inked a deal with an investment firm -- Lexington Partners to vend 80% of its limited partnership interest worth $1.5 billion in Metalmark Capital Partners II (MCP II).

Ashland Closes Water Unit Sale to Clayton, Dubilier & Rice - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 5:10PM CDT
Ashland Inc. (ASH) has wrapped up the sale of its Water Technologies unit for around $1.8 billion.

Citigroup Curbs Russia Exposure, at Risk on Argentina Default - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 1:08PM CDT
In its latest regulatory filing, Citigroup Inc. (C) revealed that it has reduced the company's exposure in Russia by a further 5.3% to $8.9 billion as of Jun 30, 2014.

Bank Stock Roundup: Settlement, Restructuring Continues - Citigroup, BofA and JPMorgan in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 04, 12:35PM CDT
Efforts of major banks to conclude litigation issues pertaining to their past business conduct remained the key trend in the last five trading days. Litigation issues dominated the headlines.

XL Group plc announces the appointment of Edward J. "Ned" Kelly to its Board of Directors
PR Newswire - Mon Aug 04, 8:00AM CDT
XL Group plc ("XL" or the "Company" (NYSE: XL) today announced that Edward J. "Ned" Kelly, III has joined the Company's Board of Directors.

Citi Appointed Depositary Bank for Innocoll's ADR Programme
Business Wire - Mon Aug 04, 4:45AM CDT
Citi's Issuer Services business, acting through Citibank N.A., has been appointed by Innocoll AG ("Innocoll", a global collagen-based pharmaceutical company, as the depositary bank for their sponsored Level 3 American Depositary Receipt (ADR) programme. Innocoll's shares trade only in the U.S. through ADRs listed on the NASDAQ Global Market, under the symbol "INNL".

'Fast Money' Recap: This Is Not the Time to Panic
at The Street - Sat Aug 02, 4:00AM CDT
The trading panel looked at the U.S. market, German equities and 'best protection' trades.

Thar She Blows, Volume 2: Time to Closely Read the S&P 500 Signals
at The Street - Fri Aug 01, 4:27PM CDT
The stock indexes tool another hit Friday on huge downside volume.

Business News Digest
By The Associated Press - AP - Fri Aug 01, 4:02PM CDT
Business News at 5 p.m.
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