Tuesday, August 17, 2004

Citigroup tactics

Ha ha - looks like Citigroup has done a interesting raid on the European bond markets. According to this Times Online article:
Markets board meets on Citigroup raid
Citigroup on Monday sold more than 11 billion euroes worth of european government bonds in 11 markets on 13 different trading platforms. This forced prices down. After this Citigroup bought back 4 billion euroes worth of bonds causes losses to rivals worth around 800,000 pounds - :)). That's Citigroup pushing the system to its limits again. :P
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