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Citigroup's $600M about-face

Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses.

The global banking giant said the increase resulted from “rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters.” 194 more words

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Crossing the border

Entering Mexico was easy. I walked through the metal grey turnstiles and an agent gave a quick look in my pack and that was that. Nobody stamped my passport, nothing. 1,182 more words

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