Citigroup Inc (NYSE: C), the world's biggest interbank currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and…
Read moreIn settling this matter, the US-based brokerage and securities division of banking behemoth Citigroup (NYSE: C) neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Read moreThe Wall Street Journal is reporting that Citigroup Inc. (NYSE:C) has appointed Danny Wise as European head of G-10 foreign exchange trading in London, according to people close to the matter. Mr. Wise, who starts at the bank Monday, left Credit Suisse in May as part of a cost-cutting plan. The appointment of Mr. Wise…
Read moreThe departure of Mr. Feig, the bank’s global head of foreign exchange, was announced to staff Tuesday, and follows that of the firm’s most senior currencies banker, Anil Prasad, earlier this year. That leaves the bank lacking senior figures in its currencies business at a delicate time; Citigroup is one of the world’s largest currencies-dealing…
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