Distributors

Citibank to buy back Lehman notes, but denies liability

The bank agrees to repurchase market-linked and equity-linked notes issued between March 2007 and June 2008 for 80% of total value, estimated at $136 million overall.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  28%
TOTAL VOTES: 69
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What's in this issue

Family offices come of age
Consumer-bank distributors speak
Hedge funds: the next generation