Replaced by Citigroup CEO
Ian Jensen-Humphreys joins as portfolio manager
After criticism from UK regulators
Prices could rise as high as $1,425
Wants all firms to implement remediation programme
The European Commission has collectively fined 6 international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.
UK interest rates will stay at historic lows for four more years as the economy struggles to return to normal growth levels, Citi has predicted.
Aviva has renewed its wrap administration deal with Citi that takes the partnership through to 2022.
Citigroup is to pay out $590m to shareholders in one of the biggest settlements connected to the global financial crisis, after it was accused of hiding its subprime exposure during the 2008 crash.
Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.
Wealth management firm Quilter, owned by Wall Street bank Morgan Stanley, is in discussions about a possible sale to a private equity firm.
Royal Bank of Scotland is facing legal action over the collapse of MF Global after two pension funds accused the bank of making misleading statements about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.
Prime minister David Cameron has appointed a former non-executive board member of the Financial Services Compensation Scheme (FSCS) as a senior adviser on Europe and global issues.
The Dow Jones shed almost 300 points in yesterday's session with sentiment knocked following Greek plans to hold a referendum on the European bailout plan agreed last week.
The Dow Jones and S&P 500 surged yesterday as market sentiment was lifted by US growth almost doubling in Q3.
In this week's roundup ETFM brings you news of all the listings, filings and flows in the ETP market.
Citigroup and Scotia Capital have predicted a 0.2% contraction in GDP growth for the second quarter, renewing fears of a double-dip recession in the UK.
A former Citigroup vice president has been charged with stealing more than $19m (£12m) from the bank in what one US prosecutor called "the ultimate inside job".
Citigroup said computer hackers breached the bank's network and accessed data on hundreds of thousands of bank card holders.
Structured products represent a third way for investors who have previously considered themselves restricted to either ETFs or full active management, according to the head of UK retail structured product sales at Citi.
Citigroup Inc., Deutsche Bank AG, Bank of America Corp. and JPMorgan Chase & Co. have been asked by the SEC to make employees available as witnesses in a probe of potential interest-rate manipulation.
Emma Davidson, head of Retail Sales UK and Ireland, Cross Asset Group, for Citi, looks at the main differences between structured products and structured funds
Citi has announced it will be providing third-party securities lending services for Global X Funds' range of ETFs.