References in periodicals archive ?
The sale is in line with Citigroup's focus on raising capital and cutting losses by selling stakes in brokerage and asset management businesses worldwide, the paper wrote.
HSBC said that the move was aimed at cutting losses from cheque fraud and to discourage people from spending money that they did not have.
As the markets are going down in Europe, many investors are cutting losses in places like the UK and coming here because it's a growth market," said Blair Hagkull, managing-director for the Middle East and North Africa.