{"id":14586,"date":"2010-03-16T03:54:51","date_gmt":"2010-03-16T07:54:51","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=14586"},"modified":"2010-03-16T03:54:51","modified_gmt":"2010-03-16T07:54:51","slug":"citigroup-bolsters-trading-unit-as-volcker-rule-spurs-defectors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2010\/citigroup-bolsters-trading-unit-as-volcker-rule-spurs-defectors.html","title":{"rendered":"Citigroup Bolsters Trading Unit as Volcker Rule Spurs Defectors"},"content":{"rendered":"<p>BusinessWeek &#8211; Citigroup Inc., the bank 27 percent owned by the U.S.,  is bolstering a unit that trades stocks with the bank\u2019s own money after  a proposed government ban of so- called proprietary trading helped spur  eight of its 22 employees to defect, people with direct knowledge of  the matter said.<\/p>\n<p>Kevin Russell, head of Americas stock trading,  told employees and securities firms supporting the unit last week that  Citigroup may increase the group\u2019s trading limits and capital, according  to the people. The New York-based bank will replace some or all of the  six portfolio managers and analysts who left since their leader, Matt  Carpenter, quit in February, according to two of the people, who  declined to be identified because the unit\u2019s operations are  confidential.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-03-15\/citigroup-bolsters-trading-unit-as-volcker-rule-spurs-defectors.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; Citigroup Inc., the bank 27 percent owned by the U.S., is bolstering a unit that trades stocks with the bank\u2019s own money after a proposed government ban of so- called proprietary trading helped spur eight of its 22 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14586","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=14586"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14586\/revisions"}],"predecessor-version":[{"id":14587,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14586\/revisions\/14587"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=14586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=14586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=14586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}