Citi’s Institutional Clients Group reports slight drop in Markets revenues in Q1 2022
Citi’s Institutional Clients Group reported Markets revenues of $5.8 billion, down 2% versus a strong quarter in the prior year.
Citi’s Institutional Clients Group reported Markets revenues of $5.8 billion, down 2% versus a strong quarter in the prior year.
Former Citi Forex trader Rohan Ramchandani pushes for an order compelling Citi to comply with its document discovery obligations.
In a letter filed with the Court on March 18, 2022, Citi says that the former Forex trader is belatedly manufacturing discovery disputes.
Citi and the former head of its FX trading desk Rohan Ramchandani attempt to resolve outstanding discovery disputes.
Citigroup saw its Markets and Securities Services revenues fall to $4.0 billion in the final quarter of 2021.
Citi Cross-Currency Sweeps enables treasurers and finance teams to efficiently manage cash positions across multiple accounts.
Citi and former FX trader Rohan Ramchandani have until January 21, 2022, to substantially complete all document discovery.
Initially committed lenders to Aristocrat, UBS and Goldman Sachs, will transfer a portion of their commitment to Citi.
Citi reported Markets and Securities Services revenues of $5.0 billion, down 4% from the result reported in the year-ago quarter.
Citi will have to produce to former trader all the material they gave to the DOJ in connection with FX spot market investigation.