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Bain to buy Citi stake in Bellsystem24

Citigroup has agreed to sell its stake in Bellsystem24, a Japanese telemarketing company, to Bain Capital for Y93.5bn. Once complete, the deal will mark the largest buy-out by a foreign private equity firm in Japan in nearly two years

Citi to list stake in Primerica

Citigroup is to list a minority stake in its door-to-door insurance unit Primerica, in a move that could raise hundreds of millions of dollars and further distance the troubled bank from the financial giant assembled by its former chief Sandy Weill

Citi to relaunch troubled hedge fund unit

Citigroup is poised to relaunch the unit containing its troubled hedge fund operations after nearly two years of poor performance, internal strife and investor unrest

Citigroup boost for CDOs

One of the first emerging market collateralised debt obligations since the credit crunch began is being prepared by Citigroup bankers in a further sign of debt market thawing

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Comment and analysis

Do not learn wrong lessons from Lehman’s fall

Martin Wolf

We were not so foolish as to risk a cascading failure of banks. Yet we cannot let stand the doctrine that systemically significant institutions are too big or interconnected to be allowed to fail. No normal profit-seeking business can operate without a credible threat of bankruptcy, writes Martin Wolf

Regulatory protectionism won’t stop shocks

The fall out from the financial crisis had a far-reaching impact, but putting the brakes on globalisation is not the right answer, writes Henny Sender

US bank stress tests

They say ‘assume’ stands for making an Ass out of U and Me. Certainly, the US’s bank stress tests contain enough assumptions to make an investor’s head spin

Why a Lehman deal would not have saved us

If only Lehman Brothers had been saved, all would have been for the best in the best of all possible worlds. Actually no. A decision to bail out the bank would almost certainly have had worse consequences than letting Dick Fuld and his company go under, writes Niall Ferguson

Turf warriors head for Washington

John Gapper

We are about to observe the next phase in the government’s attempt to stabilise the US financial system. It is about to launch its effort to reform the notoriously tangled and overlapping system of financial regulation. It is vital to get this right, says John Gapper

Upbeat Citi

Citigroup has had to pull out all the stops. But the reality is that beyond the trading floor, a slowing global economy is hurting almost all of the rest of the US bank

More stories

Banamex dilemma for Citigroup

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Citigroup appoints EMEA chiefs

Citi fined amid tax crackdown

Citi to sell Phibro unit to Occidental

Citi survey casts cloud over three executives

Citi eyes commodities unit sell-off

GIC makes $1.6bn from Citi stake sale

Citigroup eyes spinning off oil trading unit

Citigroup poaches top China investment banker

Citi raises $5bn in bail-out bonds

Citi explores sale of government stake

Clinton fundraiser accused in alleged fraud

Regulators urged Citi to replace CFO

Citigroup trader in tussle over $100m pay award

Citi hires external help to probe management

Norwegian towns sue Citi for $200m

Citi ‘milestone’ as Washington takes 34% stake