Citi

The online frontier

2007 has been a year of online activism and banks have paid the price. Is there an emerging reputational risk threat posed by bloggers and discussion forums? Peter Madigan investigates

Banks lean on support loans

Several large investment banks have taken advantage of easier lending terms from central banks, aimed at increasing liquidity in the wake of the subprime crisis.

Deutsche Bank wins corporate derivatives rankings

Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…

Deutsche Bank wins corporate derivatives rankings

Deutsche Bank has won this year’s Risk corporate end-user rankings, achieving the most votes overall among participating corporate clients globally. Citi and Barclays Capital came second and third, at a time of record merger and acquisition (M&A)…

Citi and Fortis launch managed equity programme

Citi has launched a managed equity programme in partnership with Fortis Investments, the Brussels-based investment manager. Called Botticelli, the programme comprises a variety of equity tranche-linked notes, each offering different risk-return…

Citigroup reshuffles fixed-income group

Citigroup has reshuffled senior management in its fixed-income group, moving many outside the US in a recognition that future growth will depend on foreign markets.

All in the mind

The number of op risk patent applications filed in the US has soared. Duncan Wood investigates the efforts being made to protect intellectual property

Debating RCSAs

Four of the industry's top op risk executives debated risk control self-assessments at a recent briefing in London, moderated by Ellen Davis and sponsored by software vendor Reveleus

Hidden dangers

Do op risk managers still care about the impact of reputational risk? Possibly not, reports Peter Madigan

Citigroup adds metals trader in Asia

US bank Citigroup has continued to expand its Asia-Pacific commodities team with the hire of Russell Wheeler, who joins the metals trading team in Singapore, with joint responsibility for risk management in Asia.

Sharia forex hedges take off

The market for sharia-compliant foreign exchange hedges continues to grow, with Citigroup structuring the first cross-border sharia-compliant cross-currency profit rate swap worth $230 million.

Nine banks to build Mifid utility

Nine global securities firms have gone public with plans to create a trade data and market data dissemination platform, to take advantage of the EU’s Markets in Financial Instruments Directive (Mifid) reforms.

Citigroup creates Asia-Pacific COO position

Shengman Zhang, vice-chairman of the global banking division of Citigroup Corporate and Investment Banking (CIB) in New York, will start in October as chief operating officer for Asia-Pacific at CIB, a new position based in Hong Kong.

Citi rebuilds Asia commodities team

Citigroup has made several hires to its commodities team in Singapore. The US bank has been looking to build up the division since the departure to Merrill Lynch in April 2005 of commodities head Mark Long and most of his team.

Citigroup sets up inflation trading team

Citigroup has hired five senior bankers to form a European inflation products team. The team, which is within the European rates trading arm of the bank, will be headed by Sebastien Goldenberg, managing director and head of inflation trading.