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Citigroup posts quarterly shareholder loss

Citigroup Inc posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.

UPDATE 1-Citigroup posts quarterly shareholder loss

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Citigroup Inc (C.N) posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.

Citi to sell Phibro to Occidental, price seen low

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Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.
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Citigroup to offload Phibro, Hall to Occidental

Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.
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Citigroup U.S. retail bank focusing on 6 cities

Citigroup Inc's U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network.
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Banks change CEOs, but will that make them safer?

Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.
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Citigroup names 3 directors, gives Grundhofer job

Citigroup Inc said it has appointed three new directors, including a former New York State banking superintendent, and given board member Jerry Grundhofer the job of chairman of its retail banking unit.
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Citigroup losses masked by Smith Barney gain

Citigroup Inc on Friday said loan losses surged again in the second quarter, yet gains from selling most of its Smith Barney brokerage helped the company report the highest profit among big U.S. banks.
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Banks' red ink shows consumers still bruised

Bank of America Corp and Citigroup Inc raised huge red flags on Friday with quarterly results that suggested the U.S. consumer remains sorely injured as the global recession drags on.
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Citigroup shakes up top management

Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
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Citigroup shakes up top management, replaces CFO

Citigroup Inc on Thursday announced its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
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Brazil offers samba of confidence to investors

Even if President Lula da Silva is wrong when he said God must be Brazilian, the country is still experiencing miracles in terms of its notable economic progress while a greater part of the world has lagged due to the economic recession.
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SEC may tighten executive pay rules: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
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SEC may change executive pay disclosure: sources

U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission's thinking told Reuters on Tuesday.
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Banks view regulation plans as just proposals

The U.S. banking industry played down the Obama administration's proposals on Monday for the most wrenching regulatory changes since the Great Depression as just that -- proposals.

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