Bank raised its clearing fees in February after the Swiss franc collapse
Citigroup has reinforced its commitment to
the future of its prime brokerage business just months after
increasing client clearing and settlement fees.
The bank has committed to invest further
into its prime brokerage division – which is operating
"onwards and upwards" - across staff, technology and
infrastructure, in order to retain its status as one of the
biggest players in the space, according to a source familiar
with the matter.
"The prime brokerage business is integral
to the Citi offering for a number of clients, especially in the
hedge fund space," the source told FOW.
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