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Citigroup fails to get Fed approval

Citigroup has failed to get Federal Reserve approval to reward investors with higher dividends and stock buybacks, a surprising blow to the chief executive’s effort to bolster the bank’s reputation. http://online.wsj.com/news/articles/SB10001424052702303325204579463652083306902?mod=WSJ_hp_LEFTTopStories&mg=reno64-wsj

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