Citadel I-Bank Won't Make Markets In Treasuries

Jul 14 2011 | 2:27am ET

Citadel Investment Group's investment-banking arm is giving up its plan to expand its market-making business to Treasuries.

Citadel Securities, which is no stranger to turmoil and turnover, had been working on a move into Treasuries for several months. But the firm has abandoned that effort, Reuters reports, and the employees behind it have left the firm.

Those employees had been based at Citadel's New York office and left within the last several weeks.

Citadel Securities has lost at least nine top executives over the last two years.

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