Tuesday, 22 July 2014
Last updated 2 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…