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Citigroup bumps up holiday allowance for new UK staff

Citigroup Inc is increasing holiday allowances for UK staff, the latest bid by a bank to improve its working culture. From January, new employees will get 27 days of annual leave, increasing to 28 after two years and 29 after five years, Kathryn Skelton, head of human resources in the UK, said in an internal memo seen by Bloomberg. Previously ...

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Biden’s economy is second only to one at US midterm

Matthew A. Winkler As Americans cast their votes near the end of Democrat Joe Biden’s second year in the White House, his 42% approval rating and the outcome of such midterm elections historically favoring the party not currently in charge gives the edge to Republicans. But the history of more than a dozen measures of relative prosperity shows Biden outperformed ...

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Billions in bank buybacks if winter is mild

Paul J. Davies If you want to forecast the fates of banks in the UK and Europe, the one thing you should watch is gas prices. If the winter is warm and stored gas goes unburned, the region’s unloved lenders are going to look significantly undervalued. Third-quarter results have highlighted that many sit on billions of pounds or euros of ...

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