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Europe moves to restore funding to Greece after bailout vote

Europe moved to re-open funding to Greece’s stricken economy on Thursday, hours after a fractious Greek parliament approved a tough bailout program in a vote that left the government without a majority and looking to new elections within months. Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent reform measures demanded by Greece’s creditors led by Germany, but was left weakened

Citi posts highest profit since financial crisis, shares rise

Under Corbat, who replaced Vikram Pandit as CEO in 2012, Citi has been selling retail operations in several countries, shrinking its U.S. branch network and disposing of non-core businesses. Operating expenses in Citicorp, which holds the bank’s core businesses, fell 6 percent to $9.8 billion in the second quarter. Citi shrank the assets of Citi Holdings, which houses businesses it plans to sell, by 22 percent compared with 19 percent