Breaking News This Morning ... Charges Filed: The U.K.'s Serious Fraud Office has charged former UBS and Citibank trader Tom Hayes with eight counts of... Read More
The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.
CEO Michael Corbat said Tuesday that the company's future lies in certain key emerging markets, but he also suggested that Citi could pull out of other countries that are dragging down its profits.
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