Citi suspends more FX staff

Hoodless and Madaras among those suspended

Storm warning

Citi suspended at least seven traders in its foreign exchange and local markets business in London and New York last week, according to market sources.

In New York, three FX traders working in emerging markets (EM) have been suspended, along with four in spot and EM in London, the sources say. Among them are Robert Hoodless, a director and emerging markets FX trader, and David Madaras, an EMFX trader focused on Asia.

Hoodless had worked at the bank since at least 2001 and Madaras since 2011.

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