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Citigroup Said to Terminate Technology Analyst Mark Mahaney

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Citigroup Said to Terminate Technology Analyst Mark Mahaney
Citigroup Inc. signage is displayed outside of a bank branch in New York. Photographer: Peter Foley/Bloomberg

Oct. 26 (Bloomberg) -- Mark Mahaney, a top technology analyst at Citigroup Inc., was fired, according to a person briefed on the matter.

The termination wasn’t related to Massachusetts’ claim that Citigroup failed to supervise a junior analyst who allegedly disclosed confidential information during Facebook Inc.’s initial public offering, said the person, who requested anonymity because the decision is private. The New York-based bank agreed to pay a $2 million fine to settle that case.

Mahaney declined to comment when reached on mobile phone.

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To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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