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Banking

Citigroup to launch China-based Investment Bank

Citigroup will launch an investment banking division in China to further its involvement in China’s financial markets, even though rivals are becoming more cautious in the country. A person familiar with the matter said that the large US…

Bank of England and Fed to hold interest rates

Western world's biggest central banks will likely keep interest rates at the same level this week, amid concerns about stubbornly high inflation. This is despite expectations of sharp reductions in borrowing costs for next year. In a…