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Focus on HSBC as Citi joins China exodus

Exit Sign

Citigroup’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC, the only one with a major holding in a big bank after earlier exits by the likes of Bank of America and Goldman Sachs.

Goldman said to hire new commodities traders

Lloyd Fonzie Blankfein

Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.