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Citigroup to make redundancies - memo

Citi Building Sign

Citigroup is set to make a round of redundancies within its markets and securities business in the Europe, Middle East and Africa region, according to an internal memo sent to staff Tuesday and seen by IFR.

'UBS is the problem'

Pointing Finger

The former UBS banker whose cooperation with the U.S. helped expose tax evasion by thousands of Americans says the bank used similar practices elsewhere and he’s eager to help European governments.