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Citigroup Drops Some Clients to Boost Trading Returns

  • CFO Mason says bank is also encouraging clients to trade more
  • Bank is requiring more collateral from certain customers
Citigroup office in New York.

Citigroup office in New York.

Photographer: Victor J. Blue/Bloomberg
Updated on

Citigroup Inc. is requiring some of its least-profitable trading clients to post more collateral and is even dropping some of them to help boost returns in its markets business. 

Clients that don’t meet internal profitability thresholds are being encouraged to trade more products with the bank, Chief Financial Officer Mark Mason told investors on a conference call Thursday. When that’s not possible, Citigroup has stopped trading with certain clients, he said.