Latest Citi News: Finextra Research

Citi bond traders indicted over 'Dr Evil' trade

Italian magistrates have indicted seven former Citigroup traders on charges of market manipulation in the sale and repurchase of government bonds on the MTS electronic fixed income network three years ago.

19 July 2007

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Citi names Richard Evans global head of electronic execution

Citigroup has promoted Richard Evans to head up its electronic execution business globally out of London.

19 July 2007

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Citi confirms acquisition of Automated Trading Desk

Citi has confirmed that it is buying Automated Trading Desk (ATD), a South Carolina-based electronic market making and proprietary trading firm, for about $680 million in cash and stock.

02 July 2007

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FXall hires new CTO in global recruitment drive

Multi-bank foreign exchange trading portal FXall has recruited Citigroup's Minor Huffman as its new chief technology officer (CTO). The appointment is one of 22 new hires that FXall has made across its technology, sales, customer service and regional management groups.

14 June 2007

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DTCC hires Douglas George to take on new risk management role

The Depository Trust & Clearing Corporation (DTCC) has hired industry veteran Douglas George to the new position of managing director and chief risk officer.

27 April 2007

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Citigroup cuts 17,000 jobs in operations overhaul

US banking giant Citigroup is axing 17,000 jobs under a cost cutting and restructuring plan that includes the shifting of 9500 roles to "lower cost locations" and streamlining of in-house technology functions.

11 April 2007

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Citi IT exec busted in penthouse meth lab

Citigroup IT executive Michael Knibb has been arrested following a drugs raid on his penthouse apartment in Manhattan where police found a home-made lab for making crystal methamphetamine.

05 December 2006

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Citigroup adds 185 jobs at Belfast technology centre

US financial services firm Citigroup is creating a further 185 jobs at its technology centre in Belfast, Northern Ireland.

26 October 2006

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Citigroup opens new Chinese IT centre

Citigroup has opened a new offshore software development and technology centre in Dalian, China.

29 September 2006

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Citi trader pleads guilty to bogus dealing

The former head of Citibank's energy-derivatives trading desk inflated trading profits by entering bogus data into the bank's computer model in a bid to improve his job prospects and boost his bonus.

28 September 2006

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Lava Trading CEO Richard Korhammer quits

Richard Korhammer, co-founder and chief executive of Lava Trading - Citigroup's trading technology arm - is stepping down at the end of this week.

12 September 2006

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Barclays lures Citi's Frits Seegers to head retail and commercial banking

The UK's Barclays Bank has appointed Citigroup's Frits Seegers as chief executive of its global retail and commercial banking division.

08 June 2006

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