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Citigroup closes municipal underwriting and market-making unit

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“The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking.

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​ “The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking. “The economics of these activities are no longer viable given our commitment to increase the firm’s overall returns,” said the memo, signed by Citigroup#39;s head of markets Andy Morton and Peter Babej, interim head of banking.  Moneycontrol Latest News Read More  

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