Citi plans to relocate Tokyo HQ

Sunset in Tokyo, Japan

Citigroup plans to move its Japan headquarters from Tokyo’s Shin-Marunouchi Building to a new location nearby that will bring its brokerage and banking divisions together in the city’s financial district.

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.

Barclays said to boost severance for some employees

Oliver Twist

Barclays boosted severance packages for equities employees dismissed in Tokyo last month, adding the equivalent of three months of pay to some of the 80 workers affected who had rebuffed initial offers, people familiar with the matter said.