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The US Treasury said on Wednesday it would sell $55bn in new debt next week, led by the return of the three-year note. The announcement sent a tough message to bond traders about problems in the repurchase, or repo, market. - www.pr-inside.com
NEW YORK (AP) - Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt. The New York-based bank, which has already ...