Jane Fraser wants to simplify Citigroup, the original megabank. That won’t be easy.
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Shares of the speaker maker soared after it reported strong quarterly results and projected better-than-expected revenue growth.
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Shares in HSBC slumped after news articles detailed “suspicious activity reports” filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year.
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