“Some banks are actually increasing and expandingtheir activity in our markets,” Peter Reitz, chief executive officer of theEuropean Energy Exchange (EEX), told the news service. “It’s not scaling backacross the board.”
Citigroup,
Citigroup expands in Europe trading
Citigroup Inc. is increasing its gas and power business in Europe as competitors from Bank of America Corp. to Morgan Stanley withdraw amid tighter regulation and staff cuts at utilities, Bloomberg News reported.
