Page 318 


People News: Citigroup, Exotix

For hire hiring

Anil Prasad, the former global head of foreign exchange and local markets at Citigroup, and his business partner Farhang Mehregani will start operating their own hedge fund in January after clearing regulatory hurdles in the U.K.

Better news for Madoff victims

Bernie Madoff

Bernard Madoff’s victims will have a bit more to spend on holiday gifts this year as the trustee unwinding his fraud begins sending out a total of $1.2bn in recovered funds, with checks averaging $1.1m each.

Goldman in institutional equities alliance

Australia Flag

Commonwealth Bank of Australia will start to 'wind down' its proprietary institutional equities team from December 16 and the lender has entered an alliance with Goldman Sachs to offer clients access to global equity markets.



No Pot Of Gold

Ex-Lehman trader loses bid for $83m 'windfall'

A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.

Jamie Dimon

JPMorgan said in jobs warning

JPMorgan could be forced to move thousands of staff out of Britain if the country loses its automatic right to sell financial services to the European Union after last month's Brexit vote, bank CEO Jamie Dimon told an Italian newspaper.

Citi Building Canary Wharf

Citi merging units

Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.