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Citi derivatives trading team bring in $300m

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A team of Citigroup derivatives traders generated about $300m of revenue this year, thriving from serving companies and investors trying to anticipate central bank decisions, according to people with direct knowledge of the matter.

Barclays said trying to cap mortgage penalty at $2bn

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Barclays is trying to draw a line at $2bn in penalties to settle a U.S. investigation into its sale of mortgage securities after it received an opening offer that it considered too high, according to a person with knowledge of the situation.

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U.S. to seek extradition of ex-HSBC banker

The United States will seek the extradition from Britain of a former HSBC executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction, prosecutors said on Friday.