Morning Scan: Citigroup Rebounds; Masters Hired by Santander

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Earnings Galore: Citigroup, like its rival Bank of America, reported a huge increase in second-quarter profit, compared to a year earlier, thanks in large part to the lack of a costly legal settlement related to mortgages. Citi's net income rose to $4.85 billion from $181 million a year earlier. Meanwhile, BB&T's second-quarter net income increased to $454 million from $424 million a year earlier. However, merger-related charges and a loss from...