TITLE

Citi Reacts to Defections in Trading Unit

PUB. DATE
March 2010
SOURCE
American Banker;3/17/2010, Vol. 175 Issue 41, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Citigroup Inc. will increase the amount of capital for its stock trading operation in response to the resignation of eight of that unit's employees after a U.S. proposal to ban proprietary trading of securities by banks.
ACCESSION #
48629959

 

Related Articles

  • Citigroup to Exit from Proprietary Trading.  // American Banker;1/30/2012, Vol. 177 Issue 15, p6 

    The article reports that banking industry firm Citigroup Inc. will close its proprietary securities trading operation and that most of the employees of that operation will leave the firm.

  • Citi Mulls Post-Reform Trading Options.  // American Banker;7/29/2010, Vol. 175 Issue 116, p16 

    The article discusses options being considered by financial firm Citigroup Inc. to bring its securities-trading operations into compliance with financial regulatory-reform legislation passed in the U.S.

  • Citi Opens Up Options Router. Chapman, Peter // Traders Magazine;Jan2010, Vol. 23 Issue 304, p43 

    The article reports on the move of financial company Citigroup Inc. to give its institutional broker-dealer customers direct access to its smart-order router for options trading and spray orders across multiple exchanges.

  • Citi Expands Trade Lifecycle Platform to Latin America. Safane, Jake // Global Custodian News;2014, p1 

    The article reports on the expansion of financial services company Citi's Execution to Custody (E2C) solution to Latin America, with the electronic platform managing the lifecycle of a trade and providing un-paralleled in-market expertise on regulation, practices, fees and taxes.

  • Scaled-back FTT Still Uneconomical for Repo Market, Say Industry Experts. Du Chenne, Janet // Global Custodian News;2013, p1 

    The article focuses on the proposed Financial Transactions Tax (FTT) in the European Union (EU) region and its implication for repurchase agreements or transactions (repo). In September 2013, a proposal was issued that would reduce the tax on equities from 0.1% to 0.01%. EU officials explain how...

  • European Asset Manager Outsources Collateral Management to Citi. Wang, Wicy // Global Custodian News;2013, p7 

    The article reports on the provision of collateral management and middle office services by banking company Citi's OpenCollateral operation to an unnamed asset management firm in Europe.

  • Citi to Test Limits of Layoff-Free Cutbacks. Moyer, Liz // American Banker;3/7/2001, Vol. 166 Issue 45, p1 

    Discloses the plan of Citigroup Inc. to prove that it can eliminate up to $2 billion from its expense base without mass layoff. Institution of an austerity program to prepare for a slowdown in revenues in 2001; Plan to defer certain expenditures throughout its major businesses; Imposition of...

  • Citigroup HR Revamp, Last Step of Integration. Malhotra, Priya // American Banker;7/26/2002, Vol. 167 Issue 142, p1 

    Highlights the efforts of Citigroup Inc. to use technology to streamline its human resources operation. Significance of the changes to the company; Advantages of the technology upgrade to the employees; Consolidation of the benefits programs and human resources programs inherited through...

  • Technology-Focused Citi Forges Trading Giant. Fioravante, Janice // Securities Industry News;1/14/2008, Vol. 20 Issue 2, p1 

    The article reports on the move of Citigroup to integrate acquisitions with existing systems to form a global trading powerhouse. It states that the company's move to invest across asset classes and purchase sophisticated technology indicate that its priority lies on innovation. The firm...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics