Former Citi Auction-Rate Banker Heeds Lessons of Market CollapseBy
Variable-rate trading system start-up seeks more competition
Yields soaring 3,900% shows need, Robert Novembre says
At the advent of the financial crisis nearly a decade ago, former Citigroup Inc. banker Robert Novembre, who managed the firm’s desks handling auction-rate securities, saw firsthand the disruption caused when banks withdrew support.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.