Big Guns at Major Banks Getting Ready For Restless Brexit Trading

[kreslik.news]

According to a Financial Times report, five of the Citigroup’s senior currencies executives holidayed for one to three days last weekend, ahead ‎of what the BoE’s governor described as the “biggest domestic risk facing the economy”.

Employees in the world’s biggest currencies-dealing bank felt the situation was embarrassing. The Nikkei owned newspaper quoted them as saying ‎‎“the timing and nature of the trip was insulting to employees.” One said: “The optics here are ‎bad.”‎

So the big theme here is that a sense of responsibility could be missing among Citi’s FX executives. ‎However, others may look at the situation from a different ... (read more)