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Citi denies slow trading

Citi Building Sign

Citigroup denied moving too slowly to close out a client’s trades in a lawsuit linked to the market turmoil that followed the Swiss National Bank’s surprise decision to scrap its currency cap last year.

Megadeath to megadeals

Lanes Merge Road Sign

THE value of UK M&A in the third quarter increased from the previous quarter despite Brexit uncertainty, according to EY which predicts the end of the so-called megadeal.



Illinois joins California in suspending Wells Fargo

Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.