Citi says U.S. regulators are investigating its hiring practices

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Citigroup Inc (C. N) on Friday said that U.S. government and regulatory agencies are investigating the bank's hiring practices. U.S. agencies, including the U.S. Securities and Exchange Commission, are looking into whether or not the bank hired candidates "referred by or related to foreign government officials" over other candidates, the filing said. (bit.ly/2mmiCe4)"Citigroup is cooperating with the investigations and inquiries," the company said in the filing with the SEC.

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