Citigroup has sold the capital markets business it inherited from Legg Mason just three months ago to Stifel Financial, a US financial services company.

Stifel said it would pay up to $95m (€77.4m) for the investment banking, stock and bond research, equity sales and trading, structured finance and trading aspects of Legg Mason's capital markets business.

Citigroup offloads Legg Mason's capital markets

Anuj Gangahar in New York

Citigroup

Stifel Financial

Legg Mason

Ex-Fidelity star Anthony Bolton warns US stocks will have ‘day of reckoning’

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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