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Fired Citi trader claims he was a scapegoat

Citi Building Sign

A former Citigroup trader in Japan who was fired for allegedly trying to manipulate foreign-exchange rates in violation of internal policy told a Tokyo court he was made a scapegoat and his actions were condoned by his employer, echoing claims made by several ex-Citigroup employees in courts in other parts of the world.

People News: Blackstone, Deutsche Bank, UBS

UBS HQ archway

Blackstone is hiring a former top enforcement attorney at the U.S. Securities and Exchange Commission, months after the world’s biggest alternative-asset manager agreed to its first SEC penalty, two people with knowledge of the move said.

FICC Market Standards Board appoints new chair

For Hire

Mark Yallop has been appointed to chair the Fixed Income, Currency and Commodities or FICC Markets Standards Board (“FMSB”). An external member of the Prudential Regulation Authority (“PRA”) Board and former investment banker, he will take up the position in July.