30.01.2014 - Citigroup expands in Europe energy markets
Citigroup Inc. (C) is increasing its gas and power business in Europe as competitors from Bank of America Corp. (BAC) to Deutsche Bank AG withdraw amid tighter regulation and staff cuts at utilities. The third-largest U.S. bank expanded its trading team in Europe last year while other firms cut headcount, Stuart Staley, global head of commodities, said in a phone interview from London. His group now employs 10 people in power and gas trading and sales in the region...............................................Full Article: Source
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