Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit. Wednesday’s settlement resolves claims under the federal False Claims Act against the third-largest U.S. bank, and arose from a “whistleblower” […]

World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization. Zoellick, 58, informed the board he will leave June 30 at the end of a five-year term, during which he […]

Nigeria’s foreign exchange reserves rose just over 4 percent on the month to $35.03 billion on Feb. 13, their highest in six months, central bank data showed on Wednesday.  Reserves a year ago stood at $34.44 billion.  Reserves had been declining for the last three years despite record high prices […]