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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.

http://www.bloomberg.com/news/2012-07-11/citigroup-lets-clients-see-fund-data-after-peregrine.html

http://eliteeservices.blogspot.com/2012/07/citigroup-lets-clients-see-fund-data.html