Citi
Battle formations
Major Chinese entities and international banks are steeling themselves for a protracted battle on multiple fronts related to the use of over-the-counter derivatives. The confrontation is killing business and preventing some Chinese entities from hedging…
Citi sells Phibro to Occidental
Citi has announced the sale of commodities trading unit Phibro to Occidental Petroleum.
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodities markets
White paper: Focused on the future – learning lessons from the past
In this white paper, Mark Konijnenberg, managing director commodities group at Citi, talks about developing trends in energy risk management since the extreme price volatility of 2008 and outlines how the group is keeping up to date with clients’ needs
Best in Australia - Citi
The market in Australia has received some shelter from the past year's financial crisis because fewer Lehman Brothers-backed products were distributed there than was the case elsewhere in the Asia-Pacific region. That aside, there has been no respite…
New head of Asian equities trading at Citi
Joseph Chang has joined Citi Global Markets, the brokerage and securities arm of Citigroup, as head of Asian equities trading, excluding Australia and Japan.
Citi adds three directors to board in response to regulatory probe
Daily news headlines
Trading and one-off gains lift bank profits
Trading activities and one-off gains helped US banks record positive results during the week ending July 17, despite a continuing deterioration in traditional lending businesses, analysts said.
Citi in secret FDIC deal over governance problems
Daily news headlines
High correlations spur interest in CCDS
Interest in using contingent credit default swaps (CCDS) as a speculative tool is being fuelled by high levels of cross-asset class correlations, according to some market participants.
US Wrap: Tentative reverse convertible issuance from Citi
Citi issued two reverse convertible products in the US market yesterday in a cautious offering of the riskier structures. The notes link to the stock of either JP Morgan or Research in Motion, which makes BlackBerry devices, lasting one year and six…
US regulatory reforms will target the big players
The Obama administration’s proposals on regulatory reform make it clear that, in future, size will matter to the regulation of US financial firms.