Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Citigroup Lets Clients See Fund Data After Peregrine

Citigroup Inc. (NYSE:C), the third-biggest U.S. bank, said it will show trading clients how the lender is managing their funds as regulators probe missing customer cash at MF Global Holdings Ltd. (OTC:MFGLQ) and Peregrine Financial Group Inc.

Customers using New York-based Citigroup to buy and sell futures and over-the-counter derivative products can now see how much client funds the bank holds, Christopher Perkins, global head of OTC clearing, said today in a phone interview. Clients can use a Citigroup website to monitor the composition of the funds and where they're being held, he said.