Is Citi Exiting Direct Interbank Market In Swiss And Euro/Yen?
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NEW YORK--According to senior market officials, CitiGroup last week exited the interbank foreign exchange market in a number of international currency pairs. Senior officials, traders and market analysts say the bank has ceased direct interbank trading in spot US dollar/Swiss franc and euro/Swiss franc globally, and in euro/Japanese yen from its New York operation.
However, Guy Whittaker, Citi's global head of FX, told FX Week in a statement that, "Citibank remains committed to the interbank
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