Morning Scan: Citi Adds $600M for Legal Costs; BofA Faces Shareholde...

Receiving Wide Coverage ...

Coming Down the Pike: Citigroup's move to increase its third-quarter legal provisions by an additional $600 million suggests the bank may soon reach a settlement over charges that it manipulated foreign-exchange rates, the papers report. The adjustment, made in response to "very recent communications with certain regulatory agencies" according to the bank's regulatory filing, lowered Citigroup's quarterly earnings by nearly 18%, to $2.84 billion. The Wall Street Journal's anonymice say Citi and...