Citi studies options for complying with prop-trading law, sources say

07/28/2010 | Bloomberg

Citigroup is looking into at least three options regarding its team of proprietary traders in order to comply with the Dodd-Frank act, sources said. The Citi Principal Strategies unit traders could be reassigned to the company's hedge fund, Citi Capital Advisors. "This may be a way of keeping a high-margin capital-markets business in the fold, within the language of the law," said David Hendler, a senior analyst at CreditSights. "They would be transforming it from an interest-plus-capital-gain business into a fee business."

View Full Article in:


Published in Brief: