The News: Citigroup Backs Proprietary Trading Unit

eFC logo

Citigroup isn't allowing talk of bans get in the way of bolstering its proprietary-trading unit after 22 members of the team jumped ship. Kevin Russell, the bank's head of Americas stock trading, says the bank may increase the group's trading limits and capital, according to Bloomberg. At least some of the six portfolio managers who've left since February will be replaced.

Citigroup Aids Unit as Volcker Rule Spurs Defectors [Bloomberg]

Citi seeks to fix Gulf business [FT]

Ex - AIG Employees Might Sue Over Lower Payouts [ Reuters via NY Times]

Dodd's revised bill a mixed bag for financial advisers [Investment News]

Former Merrill Lynch trader banned in UK [FT]

Ken Chenault Collects A Big Bonus, Quietly [Deal Journal]

Cities, States Tell Big Banks They'll Go Elsewhere [WSJ]

Popular job sectors


Search jobs

Search articles