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Goldman traders find it tougher going

Lloyd Blankfein

Goldman Sachs traders turned in their worst first-half performance since Lloyd Blankfein rose from that business to become chief executive officer in 2006 as second-quarter revenue from the fixed-income unit plunged 40 percent.

Citi choses Frankfurt

Frankfurt Skyline

Citigroup has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.


Sec Building

SEC looses Wells Fargo trader case

The U.S. Securities and Exchange Commission has affirmed the dismissal of an administrative case against a former Wells Fargo trader after two commissioners split on whether the evidence proved he engaged in insider trading.