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Citigroup Boss Quashes Spin-Off Rumours

The Wall Street Journal reports that Citigroup boss Chuck Prince has said that 'he doesn't expect the company to shed any of its major business lines', despite rumours that a break-up of the financial giant is the only thing that will move the Citigroup share price.

BNP, Bear Stearns, Credit Suisse, Dresdner, Fortis

The Financial Times reports that French bank BNP Paribas is to acquire the Paris-based private banking unit of Dexia in a deal worth around $263m. According to the newspaper, the purchase will increase BNP's private banking assets to around $184bn, taking the bank into the top 10 private banks worldwide.

Jefferies, Lehman, Morgan S, NatWest 3, Cowen , Soros

Jefferies & Co announced Thursday the hiring of three additional senior investment bankers into the firm's transportation, oil service and infrastructure group in New York and London. Anne-Cristin, Nick Davies and Andrew Meigh all come aboard as MDs, and all three join after stints at HSBC.

Best Loved Hotel Competition - The Result

On offer to the winner of this month's Best Loved-sponsored Here Is The City quiz is a two-night stay for two at the Feathers (including breakfast and dinner on one of the nights), a privately owned 17th century hotel in the heart of Woodstock.

Billy Big Bonus

Goldman Sachs announced its fourth quarter profits Tuesday - and earned more money in any one year than any investment bank EVER.

Citi, Jamie Dimon, Enron, Lehman, Morgan Stanley, UBS

The Daily Telegraph reports that Citigroup is now the only investment bank in Serbia, as it has opened a rep office in the war-ravaged country. The newspaper quotes Bill Mills, head of Citigroup's EMEA corporate and investment banking business, who said that 'Serbia is a key market for Citigroup in South Central Europe due to its growth potential, geopolitical position, positive direction and pace of development'. (Yeah, right!)