Tag: Citicorp

Citicorp/ADIA Upper DECS Equity Units Term Sheet

Major Bank Embroiled in Money Making Plans

A Guardian Unlimited report yesterday declared Citigroup embroiled in bond selling scandal. According to the report, a couple of traders on the other side of the pond purportedly exchanged a memo where they conspired amongst themselves to make some money. Can you believe it? Securities traders planning to make money. As far as I can see, the only stupid thing they did was talk about it too much before they actually did it.
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