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Citigroup sets higher profit targets at first investor day since crisis


NEW YORK Citigroup Inc issued loftier projections for its long-term profitability on Tuesday at the first major conference it has held for its own investors in more than nine years.


Brushing off bank worries, HNA taps Goldman for unit Pactera's IPO: sources 6:35am EDT

HONG KONG HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.


Exclusive: Goldman Sachs retreats from ETF lead market making 6:16am EDT

NEW YORK Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.


Wells Fargo asks court to require client information be returned Jul 24 2017

NEW YORK Wells Fargo & Co has asked judges in New York and New Jersey to require a lawyer representing a former employee to immediately return reams of client information the bank mistakenly sent to the attorney, a bank spokeswoman said on Monday.


Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S. Jul 21 2017

NEW YORK Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.


U.S. to drop criminal charges in 'London Whale' case Jul 21 2017

NEW YORK U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase & Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.


Wells Fargo ordered to pay $575,000, reinstate whistleblower Jul 21 2017

The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.


Bank of America picks Dublin as EU base after Brexit Jul 21 2017

LONDON/DUBLIN Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc.


Citigroup, Deutsche Bank beef up Frankfurt presence in Brexit response Jul 20 2017

LONDON/FRANKFURT Two global banks, Citigroup and Deutsche Bank , are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union.

Factbox: Impact on banks from Britain's vote to leave the EU Jul 20 2017

Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union.