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Citi announces slight rise in overall profits in first quarter of 2014
16 Apr 2014

Citigroup has reported net income of $3.9 billion for the first quarter of 2014 and revenues of $20.1 billion


European Parliament votes to enact sweeping reforms in banking regulation
16 Apr 2014

A set of new decisions by the European Parliament on Tuesday has moved European banks much closer to banking union, establishing agreed responses to failing banks


US Fed actively considering higher capital requirements for large banks
16 Apr 2014

Janet Yellen, chairman of the US Federal Reserve, has revealed that the Fed is considering whether to require large banks to hold more capital as well as other measures to enhance stability


Research from UK regulator finds that overdrafts offer poor value to British consumers
16 Apr 2014

The Financial Conduct Authority in the UK has published research into the £8 billion (US$13.37 billion) overdraft market that show, it says, many consumers are unaware of how much overdrafts can cost, find unarranged overdrafts confusing, and fail to recognise arranged overdrafts as a form of borrowing


Orix Corp eyeing StanChartís HK consumer finance business
16 Apr 2014

Bloomberg has reported that Japan-based Orix Corporation may be readying a bid for Standard Chartered's Hong Kong consumer finance business, citing "two people with knowledge of the matter": one of these sources told Bloomberg that Orix may seek a partner in the investment


Citibank to reduce branch network in South Korea by almost a third
9 Apr 2014

Citigroup has announced that it is closing just under a third of its branches in South Korea, leaving a leaner network in place centred on Seoul and five other cities


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