The News: Citigroup Backs Proprietary Trading Unit

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.

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