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By Jeff Horwitz
MAR 11, 2010 8:20pm ET

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Citi Sets Sail with Foreign Capital Plans

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In a lunch keynote talk, Citigroup CEO Vikram Pandit staked the bank's success on its global operations, implicitly describing the prospects of domestic banking as lackluster.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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