-
Citi shared central bank info with clients - ex trader
Citigroup sent details of its central bank customers' trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a former foreign exchange trader said in a witness statement to a London court on Thursday. Perry Stimpson, a former Citigroup currency trader who is claiming unfair dismissal, said the practices, which breached client confidentiality, were well known by senior managers. "Our Investor Desk would comply with a weekly request from (a client) for details of Central Bank activity that Citi had transacted," Stimpson said in his witness ... (full story)