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Citi weighs acquiring U.S. regional bank, Bloomberg reports

Citi’s (C) senior leaders are considering acquiring another bank, a move long viewed as inconceivable, Bloomberg’s Todd Gillespie, Matthew Monks, Lydia Beyoud, and Dinesh Nair report. Executives at the lender have held preliminary talks in recent months about attempting to buy a major U.S. regional bank to ramp up deposits, a move that could provide more fuel for the company’s lending and trading activities, people familiar with the matter told Bloomberg.

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