CITIGROUP

Rumours of an Apple-made iWatch simply won't go away, with latest reports suggesting a release sometime this year.

Dutch bank expected to reach deal with UK and US regulators over Libor rigging claims.

Pier Luigi Bersani's centre-left coalition secures lower house but fails to win overall control as Beppe Grillo's Five Stars produce stunning performance.

Chancellor George Osborne's threat to break-up UK banks adds pressure to shares as FTSE tumbles from near five year high

Price analyst at centre of price fix allegations accuses former employers of victimisation.

Job cuts announced by major banks dampen demands for premium cabins in Cathay Pacific.

Eurozone returns to focus as IMF approves Greek's latest bailout tranche and Spain prepares for bond auctions on high expectations.

Markets outside Japan pickup despite a weak start as traders await further US corporate earnings reports and yen weakened against the dollar.

Morgan Stanley plans to cut some of the highly paid jobs in the level of managing directors and executive directors.

CEO Michael Corbat reveals new banking chiefs under Citi's first structural shake-up since Vikram Pandit quit.

Agreement will dent the bank's fourth quarter earnings by $2.5bn

Hiring is expected to pick up in 2013 as eurozone crisis fears have reduced.

From the Crystal Meth Fiscal Cliff to the Shareholder Spring to the London Whale Tempest in a Teapot, the year's biggest stories began with a quote. Here are ten of the best.

Although UBS settled for a record $1.5bn fine and admitted to fraud, Switzerland's biggest bank faces a huge task in reforming its tattered reputation.

Swiss investment bank faces fine that is more than double amount Barclays paid for manipulating Libor, say reports.

Payment to settle claims that bank violated US curbs on Iran.

Citigroup reveals it is slashing 11,000 positions, in a bid to reduce expenses and 'improve efficiency'

Swiss bank close to becoming second major bank to reach deal with UK and US regulators after Barclays.

China's industrial company profits surge, increasing hopes of economic recovery.

Australian central bank cautious because of higher prices and signs of world economy reviving.

Nikkei trades 0.35 percent lower while KOSPI is up 0.19 percent. Shanghai and Hong Kong Indices shed 0.36 and 0.26 percent.