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Citi reaches yen Libor settlement

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Citigroup will pay $23m to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

JPMorgan predicts rise in smaller M&A

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Megadeals will probably be replaced by a rising number of smaller acquisitions in 2016 as growing cash reserves keep last year’s record-breaking takeover momentum going, according to JPMorgan.

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