Monday, 27 July 2015
Last updated 4 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…