Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday.
The U.S. government on Monday sued Deutsche Bank AG (DBKGn.DE), seeking to recoup more than $190 million from the German bank over alleged tax fraud more than 14 years ago.
More than 150 protesters were arrested in California overnight after shutting down a major freeway in another outbreak of nationwide demonstrations against police use of deadly force on minorities.
A senior leader of al Qaeda in Yemen has criticized beheadings by Islamic State (IS) fighters as un-Islamic, and said his own group had banned such acts.
