Citigroup

Investor's Business Daily

Citigroup (NYSE:C) is cutting another 300 trading and sales positions this year as it continues to rein in costs. The bank also agreed to pay $360 mil to settle a dispute over $1 bil in collateral that now-defunct investment bank Lehman Bros. deposited in the days leading up to its bankruptcy and collapse. Shares rose 3.2% to 36.10.

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