Citigroup Inc., the third-biggest U.S. bank, rehired Yonatan Gozdanker as head of European cash trading almost three years after he departed to join Russia’s Renaissance Capital.
Citigroup Inc., the third-biggest U.S. bank, said profit rose 74 percent, beating analysts’ estimates on a $1.9 billion accounting gain and a reduction in losses tied to soured loans.
Citigroup Inc., the New York-based bank that reorganized its trading desk this year, hired JPMorgan Chase & Co.’s John Novak for its equities unit.
Citigroup Inc., the third-biggest U.S. lender, said it’s closing a proprietary-trading unit that incurred losses in the third quarter, as regulators prepare to restrict banks from making bets with shareholder cash.
Citigroup Inc., the U.S. bank led by a former equities-trading chief, said revenue from that business dropped more than 70 percent for the second straight quarter.