- Next on the sale block for Citigroup (C +0.7%) as it seeks to comply with new regulations are about $1B in holdings managed by its former P-E business - Citi Venture Capital International - reports Bloomberg. The bank sold the unit to the Rohatyn Group last month.
- The Volcker rule prohibits banks from investing more than 3% of Tier 1 capital in private-equity or hedge funds, or owning more than 3% of a fund.