Citi topples UBS as leading CLS third-party provider
"The past 12 to 18 months have been some of the most difficult economic conditions that we've seen in a long time in the financial markets, and every one of the market participants in the third-party service re-evaluated their product offering to ensure they had the product appropriately set up and supporting the clients in a proper fashion," said Diane Reyes, global payments head at Citi's Global Transaction Services in New York.
"Our feeling at Citi is that during the most difficult financial
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