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CitiMortgage News

News on CitiMortgage (Ticker: C) continually updated from thousands of sources around the net.

4 hrs ago | The New Zealand Herald

Bank of America agrees to pay $17b settlement

The US government has reached a $US16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced overnight.

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance, JP Morgan Chase , Citigroup

6 hrs ago | Mydigitalfc.com

Investment bankers being wooed with a vengeance

A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Banking, JP Morgan Chase , Jefferson Pilot Corporation, Insurance, Citigroup, Stanley

13 hrs ago | Business News

Banks push up pay to hire brightest and best

A new generation of bankers are about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.

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Related Topix: Banking, JP Morgan Chase , Jefferson Pilot Corporation, Insurance, Financial Services, Citigroup, Stanley, Morgan Stanley

Wed Aug 20, 2014

Bloomberg

Citigroup Said to Mull Raising Junior Banker Salaries About 20%

Citigroup Inc., the third-biggest U.S. bank, is considering whether to increase salaries for some junior bankers by about 20 percent, according to a person with knowledge of the matter.

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Related Topix: Financial Services, Citigroup, Banking

My FOX Chicago

APNewsBreak: BofA reaches $17B settlement with US

Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Banking, Financial Services, Citigroup, JP Morgan Chase

Nanaimo Daily News

Bank of America reaches $17B settlement with US over sale of securities

Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Banking, Financial Services, Citigroup, JP Morgan Chase

Reuters

UPDATE 1-Citigroup's top lawyer for global consumer business leaves bank

Citigroup Inc's general counsel for its global consumer business, Stephen Simcock, is leaving the bank "to pursue another opportunity," a spokeswoman said on Tuesday.

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Related Topix: Financial Services, Citigroup, Banking

Tue Aug 19, 2014

The Washington Post

Citigroup Considers Exiting Japan Consumer Banking, NHK Reports

Citigroup Inc., the firm that gets the most international revenue of any U.S. lender, is considering exiting consumer banking in Japan and transferring branches to another company, NHK reported.

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Related Topix: Financial Services, Citigroup, Banking, Business News

Benzinga

Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs

U.S. stocks rose as geopolitical events took a back seat and investors found positives in housing and consumer price index data released Tuesday.

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Related Topix: Financial Markets, Home Depot, Retail, Household Products, BHP Billiton, Mining, Banking, Financial Services, Citigroup, Apparel, Guess Inc Et Al

Forbes.com

Another QE Casualty: Citibank To Quit Japan's Retail Market

I worked in Japan for more than 12 years in the eighties and nineties, in Osaka, Nagoya and Tokyo with the U. S. State Department, Citibank and Merrill Lynch.

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Related Topix: Banking, Financial Services, Citigroup, Merrill Lynch and Co, Investment Services, Financial Markets

Reuters

Citi tells court its Argentina banking license at risk

Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.

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Related Topix: South America, Argentina, World News, Banking, Financial Services, Citigroup, Financial Markets, US News, US Supreme Court

Russia Taday

Wall Street banks 'may desert UK for Ireland' if Britain leaves EU

Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said.

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Related Topix: Publishing, Media, Forbes, Banking, Financial Services, Citigroup, Stanley, Investment Banking, Morgan Stanley

Barron's

BHP Spinoff: Bad For Shareholders?

The news was taken in some corners as mere confirmation of an expected demerger.

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Related Topix: Banking, Financial Services, Citigroup

Sys-Con Media

The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, Bank of...

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

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Related Topix: Wells Fargo , Banking, Financial Services, Citigroup, Financial Markets, Bank of America, Stanley

Reuters

Europeans banks eye dollar bond market for capital boost

European banks are expected to flock to the Yankee bond market with Additional Tier 1 and Tier 2 issuance in the autumn, lured by attractive funding costs.

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Related Topix: Banking, Financial Services, Citigroup, Financial Markets

Mon Aug 18, 2014

Reuters

MOVES- Citigroup, Allianz Global, Deloitte

The following financial services industry appointments were announced on Monday.

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Related Topix: Deloitte, Banking, Financial Services, Citigroup

Sat Aug 16, 2014

Switched

Ferguson Police Released Robbery Video Despite DOJ Concerns

Attorney General Eric Holder announces at the Justice Department in Washington Monday, July 14, 2014, that Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.

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Related Topix: US News, Banking, Financial Services, Citigroup, Home, Mortgage, Personal Finance

Fri Aug 15, 2014

The Hill

Citibank's $7 billion 'settlement'

This month the Department of Justice announced what they claim is a "win" for the American people.

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Related Topix: US News, Banking, Financial Services, Citigroup

Thu Aug 14, 2014

The Washington Post

Loan payment delayed for Puerto Rico power company

Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of $671 million worth of bank loans until next year.

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Related Topix: Financial Services, Citigroup, Banking, World News

Bloomberg

Junk Selloff Means Buy at Barclays to Citigroup: Credit Markets

The $1.4 trillion market for U.S. junk bonds is looking cheap to a growing number of investors and strategists following a selloff that pushed yields to the highest levels since November.

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Related Topix: Banking, Financial Services, Citigroup, Financial Markets

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