Citi N.Y. Remains Committed To Medium Term Swap Market
BANKS
In response to widespread reports that Citibank plans to exit the medium term currency swap market, Citibank's Dipak Rastogi, a division executive, says that the bank remains fully committed. "Our core strategy remains the same and as you know currency and interest rate [derivatives] are our franchise, we are a leader in them."
Rastogi says he became alarmed about the reports last week when strolling through Citi's trading room. "I heard some broker say we were cutting back our activity in
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