With the leverage ratio and capital costs beginning to bite for banks clearing futures and over-the-counter derivatives on behalf of clients, the past year has been notable for the number of high-profile names retrenching from the business: Credit Suisse, Barclays and Nomura, to name a few.
US bank Citi, to its credit, despite being subject to the US supplementary leverage ratio of 5% compared with 3% in Europe, has succeeded where others have failed.
"As global banks review the return metrics
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