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C Suisse to sell distressed assets

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Credit Suisse has begun selling $1.9bn of distressed-debt holdings that triggered losses at the end of last year, as part of an overhaul by CEO Tidjane Thiam, people with knowledge of the matter said.

Citi receives subpoena in FIFA probe

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Citigroup said it received a subpoena from the U.S. Attorney for the Eastern District of New York regarding the bank’s possible role in bribes paid to international soccer officials.

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