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Citigroup pays $250m to settle

Citi Building Sign

Citigroup paid $250m to taxpayer-owned Fannie Mae and Freddie Mac to settle a lawsuit over soured mortgage securities, the regulator of the two housing finance firms said on Thursday.

Incredible - good to be a billionaire

Gold Dollar

The richest people on the planet got even richer in 2013, adding $524bn to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.

JPMorgan stops dollar transfers to Latvia

Dollars

JPMorgan, which has been told by U.S. regulators to bolster money-laundering safeguards, has stopped clearing dollar transfers for Latvian lenders, according to the Baltic nation’s banking association.

SAC ends hedge fund era with 20% rise

Hedge Fund

Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.1% gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.

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Courtroom Gavel

Ex-RBS trader pleads guilty to lying to customers

A former Royal Bank of Scotland bond trader pleaded guilty to lying to customers in order to get them to pay higher prices as the U.S. continues probing tactics used in the market for complex debt -- undaunted by an appeals court’s rejection of a key conviction.