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Trading Executive Shane Swanson Rejoins Citigroup

Shane Swanson, an executive who helped build Citigroup Inc.'s (C) equity-trading business before starting a high-frequency trading firm, has rejoined the bank.Mr. Swanson returned to Citigroup April 29 as president of its Automated Trading Desk unit, which trades shares with online brokerages, according to an internal bank memo reviewed by Dow Jones.Mr. Swanson, along with his brother Steve and Peter Kent, previously headed up the ATD unit that was purchased by Citigroup in 2007 for $680 million, becoming a foundation for the bank's broader push into electronic trading.The trio departed the bank in 2010 to launch Eladian Partners LLC, among a wave of automated trading houses run by former exchange bosses and floor traders. Eladian closed last October, seen as a casualty of a slump in stock and derivatives trading activity on U.S. exchanges that has dragged on for several years.Before leaving Citigroup, Mr. Swanson had been director of compliance and general counsel for the ATD unit. Re...

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  1. Gold falls to one-month low as Fed comments lift dollar

    Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing...

  2. LONDON MARKETS: Banks Lift U.K. Stocks To 51/2-year High

    U.K.'s benchmark was back on a strong footing on Friday, after breaking a 10-day winning streak the prior day, with banks advancing after a broker upgrade and oil fi...

  3. EUROPE MARKETS: European Stocks Rise To Highest Level Since 2008

    Europe's benchmark stock index closed at its highest level since June 2008 on Friday, with banks in the driver's seat after better-than-expected data from the U.S. r...

  4. EUROPE MARKETS: Banks Lift Europe Markets After U.S. Data

    European stocks moved higher on Friday and flirted with multiyear highs, with banks in the driver's seat after better-than-expected data from the U.S. removed some w...

  5. Gold in Longest Losing Streak in Four Years

    Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon re...

  6. EUROPE MARKETS: Banks Lift Europe Markets, Eye Weekly Gains

    European stock markets moved higher on Friday and flirted with multiyear highs, with banks in the driver's seat after an upbeat broker upgrade for the sector.The Sto...

  7. LONDON MARKETS: Banks Lift U.K. Stocks After Upgrade

    U.K.'s benchmark rose on Friday, with banks advancing after a broker upgrade, offsetting weakness in food and tobacco stocks, which declined after downgrades.The FTS...

  8. EUROPE MARKETS: Europe Stocks Track U.S. Lower, Eye Weekly Gain

    European stock markets dropped on Friday, tracking U.S. stocks lower, after investors were spooked by comments that the Federal Reserve could be looking at fading ou...

  9. ASIA MARKETS: Asia Stocks Trade Mostly Higher As Japan Swings Up

    Asian stock markets traded mostly higher Friday, with Japanese blue chips swinging to gains in the afternoon session.The rise for the major markets came as Hong Kong...

  10. ASIA MARKETS: Japan Stocks Slip, But Australia, China Rise

    Japanese blue-chip stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, though Chinese and Australian shares inched higher.T...

  11. ASIA MARKETS: Japan Stocks Slip, But Australia Rises

    Japanese stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, while Australian shares inched higher, helped by strength for ...

  12. Fitch Affirms Ratings on 12 Global Banks

    Fitch Ratings affirmed its credit ratings on 12 global banks as part of a periodic review, while raising its viability rating on Bank of America Corp. (BAC) on the "...

  1. MARKET COMMENT: Zurich Stocks Close Slightly Higher

    SMI ends 0.5% higher at 8318.42. Transocean is one of the day's biggest losers, dropping 2.6% after shareholders reject a proposed $4/share dividend in favor of a sm...

  2. A Docile ETF For The Nat Gas Surge

    Natural gas futures are volatile.That much is widely known and that volatility explains the allure of an ETF such as the U.S. Natural Gas Fund (NYSE:UNG) for active,...

  3. Swiss SNB Must Stick To EUR/CHF Floor for Now, IMF Says

    The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows co...

  4. Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

    The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a su...

  5. Goldman Sachs Raising $1.1 Billion From Sale of Remaining Stake in ICBC -Term Sheet

    Goldman Sachs Group Inc. (GS) is selling its remaining stake in Industrial & Commercial Bank of China Ltd. (1398.HK) for around US$1.1 billion, exiting an investment...

  6. China April housing inflation quickens to two year high

    China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policym...

  7. Ex-financial adviser gets probation for municipal bid-rigging

    A former chief executive of a financial firm who pleaded guilty to charges related to bid-rigging in the municipal bond market was sentenced to two years probation o...

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