Citibank To Move N.Y. Trading Desk A Trip Uptown, A Systems Upgrade?
BANKS
Citibank is planning to move its global trading operation, including its foreign exchange desk uptown, sources at the bank say. Although a spokeswoman at the bank says "it's a little early for us to comment on that report," these sources say Citibank's lease on its current location, 55 Water Street, is set to expire by the end of 1992 and asbestos problems will preclude any attempt to renew the lease.
Citi is currently evaluating a number of possible sites for its New York trading operations
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