Citibank Eyes Retail Customers With MultiMoney FX Account

BANKS

Is Citibank attempting to lure its retail customers into the foreign exchange market? A number of market participants have been scratching their heads wondering the same thing, given Citi's recent advertising campaign for its MultiMoney account, which allows individuals to invest in foreign denominated money market accounts or time deposits.

Though such accounts have been available to Citi customers who were willing to invest a minimum of $50,000 for over a year, the bank lowered that minimu