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Citigroup

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Axis Bank closing in on Citi India's consumer business - sources

(Updates with Citi's response) By Nupur Anand MUMBAI, Jan 17 (Reuters) - Axis Bank AXBK.NS has emerged as the frontrunner to buy Citi's consumer business in India, which is being valued at around $1.5 billion in a planned deal that's likely to happen this month, according to two sources with direct knowledge of the matter. Another Indian lender, Ko
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JPMorgan shares fall as mixed outlook sours profit beat

By Anirban Sen and Matt Scuffham Jan 14 (Reuters) - JPMorgan Chase & Co JPM.N posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability. The country's largest bank warned that its return on tangible capital equity (ROTCE), a
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JPMorgan profit falls on trading slowdown

Jan 14 (Reuters) - JPMorgan Chase & Co JPM.N reported a fall in fourth-quarter earnings on Friday as a weaker performance at its trading arm took the shine off a boom in investment banking. The largest U.S. bank by assets posted a profit of $10.4 billion, or $3.33 per share, in the quarter ended Dec. 31, compared with $12.1 billion, or $3.79 per sh
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Wall Street Journal - Jan 14

Jan 14 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Elon Musk said Tesla Inc TSLA.O is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle maker to acceptance of digital currencies for some payments. Link
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Citi establishes clearing and settlement service for Beijing Stock Exchange

SHANGHAI, Jan 14 (Reuters) - Citigroup Inc C.N said on Friday it has established clearing and settlement services for the new Beijing Stock Exchange and the city's New Third Board, in order to facilitate foreign investment. The move enables Citi to support Qualified Foreign Institutional Investors (QFII) to trade in the two equity markets, Citi sai
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