Citi seeking to sell retail FX arm -source

April 14, 2015 11:05 AM

52 0

LONDON, April 14 (Reuters) - Citigroup Inc is looking for a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the banking world's biggest currency trading operation, a source familiar with the situation told Reuters on Tuesday.

Citi has cut staffing and computerised many elements of its currency business in recent years and market sources say it has aggressively rationalised its institutional client base in the prime broking space since the start of this year.

Also read: Boris Johnson: UK should not pay 'large sums' for EU trade access

Read more

To category page

Loading...