Citi’s client cleared swaps margin stood at over $28 billion in the second quarter of the year, representing 27% of the total amount of margin posted for the US swaps market.
Prime brokers are stepping up their due diligence of hedge funds, becoming more forensic when looking to bring a hedge fund onto their balance sheet.
The co-head of Citi’s Americas prime finance business has left after two years with the US bank.
The new division is the latest in a string of restructuring moves in recent months as Citi looks to streamline its businesses.
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.
Curt Engler will oversee the regional cash equities execution business in Asia Pacific after nine years with JP Morgan Asset Management.
Michael Roberts will join HSBC after 34 years with Citigroup, most recently as chief lending officer.
James Baugh, head of EMEA equities market structure at Citigroup, talks to The TRADE about the impact MiFID II has had on European market structures, the changing relationship between the buy- and sell-sides, and what further regulatory changes may be in store.
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
Citi confirms closure of its US alternative trading system (ATS) CitiCross, but will continue operating its block trading ATS CitiBLOC.