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Open Categories Menu Citibank to hedge funds – no bank accounts for you…
- 26 September, 2008 -
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A client just informed me that Citibank will not consider opening a bank account for a hedge fund as of today. Evidently Citibank’s compliance department thinks that being associated with hedge funds, even if it is merely through a simple bank account, is not wise in this climate. I will be discussing this issue with some of my other banking contacts to see if this is the case at other institutions and will report back on this story.
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