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Institutional FX

Citigroup Plans to Double Staff and Open New Trading Floor in Paris

  • It is another move two strengthen the company's presence in Europe after Brexit.
  • The French trading branch hires 130 people and wants to expand to 250 in the foreseeable future.
by Damian Chmiel
Institutional FX

SFC Imposes 10-Year Ban on Citigroup Global Markets Asia's Ex-Officer

  • The SFC fined CGMAL $348.25 million in January 2022.
  • The regulator found that most of the violations were due to the actions of the company's former manager.
by Damian Chmiel
Executives

Stuart Staley to Replace Itay Tuchman as Citi’s Global Head of Forex

  • Tuchman has spent over two decades at the corporation.
  • Staley, Head of Markets & Securities Services, APAC, has spent over 18 years at the firm.
by Solomon Oladipupo
Institutional FX

Citigroup’s Brokerage Subsidiary to Pay £12.6M for Failure to Detect Market Abuse

  • Citigroup Global Markets breached Article 16(2) of MAR, FCA's Principles for Businesses.
  • The institutional brokerage firm has agreed to resolve the case, the FCA says.
by Solomon Oladipupo
Institutional FX

‘Flash Crash’-Linked Trading Team at Citigroup to Be Overhauled

  • The group is looking to name a new Head of Forward Trading.
  • Ali Omari was not involved in the event, and his departure was unrelated.
by Felipe Erazo
Institutional FX

Citigroup’s Net Income Drops 46% YoY in Q1 2022

  • Revenues for the recent quarter came in at $19.2 billion.
  • EPS dipped by almost 44% compared to the same period last year.
by Bilal Jafar
News

Citi Ventures Joins $44 Million Series B Funding Round of ChargeAfter

  • The company aims to increase the global BNPL financing network.
  • The investment round was led by The Phoenix.
by Bilal Jafar
Institutional FX

Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million

  • The company was accused of multiple regulatory lapses.
  • The management of the company is likely to face disciplinary actions.
by Arnab Shome
News

Citigroup to Add 100 Digital Asset Roles

  • The bank has already structured and appointed the head of its new digital asset push.
by Arnab Shome
News

Citigroup Considers the Possibility of Offering Bitcoin Futures Trading

  • Although a spokesperson from Citi confirmed the rumors, there are no major details on the Bitcoin futures trading plans.
by Felipe Erazo
Executive Moves

Nomura Has Secured Christopher Willcox as Its New CEO and President

  • Willcox intends to focus on developing the American side of the business to deliver a world-class service to its clients.
by Tom Hazan
Regulation

FINRA Slaps $475,000 Fine on CitiGroup Global Markets

  • The authority fined CitiGroup for failing to disclose potential conflict of interest related to equity research reports.
by Bilal Jafar
Executive Moves

BCS Global Markets Appoints Alexei Bolshakov as Global Head of Equities

  • Bolshakov will be based in Moscow and report to the co-CEO of the broker.
by Celeste Skinner
News

Citi Sues Brigade Capital to Get Back $176 Million

  • The amount was a part of the mistakenly transferred $900 million.
by Arnab Shome
Executive Moves

Amish Naik Moves from BNP Paribas to Google

  • He held senior FX sales roles at BNP Paribas and Citigroup earlier
by Finance Magnates Staff
Market News

Goldman Sachs And Other Major Banks Suspend Share Buybacks Due to COVID-19

  • The pandemic presents an “unprecedented” challenge, the Financial Forum states
by Finance Magnates Staff
Executive Moves

Loretta Ko Joins Citigroup as Head of Financial Institutions

  • She takes up her new Hong Kong-based role this month
by Finance Magnates Staff
Executive Moves

Citigroup Appoints Co-Heads of Asia Equity Capital Markets

  • Ken Chow and Udhay Furtado have been appointed to the positions.
by Celeste Skinner
Execution

Citi Scales Back Its Participation on Multi-Bank FX Platforms

  • A source said such platforms add little value, but a lot of cost, effort and energy spent on them.
by Aziz Abdel-Qader
Prime Brokerage

Abysmal First Half Prompts More Banks to Cut Jobs

  • Citigroup is the latest prime broker to reduce the number of traders on its payroll, FX once again spared
by Victor Golovtchenko
Executive Moves

HSBC US CEO to Retire, Citi's Michael Roberts to Take Place

  • Patrick Burke has spent three decades with HSBC.
by Celeste Skinner
Regulation

Swiss Regulator Imposes $90 Million Fine for FX Cartel Scandal

  • The fine was distributed amongst five banks - Barclays, Citigroup, JPMorgan, RBS and MUFG.
by Celeste Skinner
Execution

GF Securities Owned Hedge Fund Lost $139 Million on FX Trades

  • Because of the hedge fund's losses, Citigroup is feeling the pain.
by Celeste Skinner
Prime Brokerage

Citi Faces Millions in Losses, Reshuffles Prime Brokerage

  • Anonymous sources have said that the firm is facing a loss of $180 million due to high-risk FX bets.
by Celeste Skinner
Technology

Four Wall Street Banks Invest $17.5 Million in AccessFintech

  • Goldman Sachs Group Inc, JP Morgan Chase & Co, Citigroup Inc and Credit Suisse Group AG invested in the startup.
by Celeste Skinner
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