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Monday, October 27, 2014

Market Chatter- Corporate finance press digest, (NYSE: C), (NYSE: UBS)

The following corporate finance-related stories were reported by media: * Italy's Monte Paschi di Siena has hired investment banks UBS AG and Citigroup Inc to advise it on options to fill a capital shortfall of 2.1 billion euros that emerged after Europe-wide stress tests of the banking sector, a source familiar with the matter said on Sunday.* UniCredit SpA has started exclusive talks with a consortium comprising U.S. Fortress Investment Group and Italy's Prelios SpA to sell debt recovery unit UCCMB, a source close to the matter told Reuters on Friday.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C traded higher by 0.76% or $0.39/share to $51.80. In the past year, the shares have traded as low as $45.18 and as high as $55.28. On average, 17091600 shares of C exchange hands on a given day and today's volume is recorded at 13286272.

UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. Shares of UBS traded higher by 0.67% or $0.11/share to $16.45. In the past year, the shares have traded as low as $15.04 and as high as $21.50. On average, 2548580 shares of UBS exchange hands on a given day and today's volume is recorded at 1754072.



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