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Citi remains top for FX trading

Citi Building Sign

European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as banks led by Citigroup grabbed business, according to widely watched industry rankings.

Ex-Madoff employee avoids jail

Bernie Madoff

A former Bernard Madoff employee who helped create fake securities trades to trick customers for years avoided a prison sentence, the third ex-worker to do so after assisting in the prosecution of one-time colleagues.