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Ivy leaguers riding high in unstable financial world.

Publication: San Diego Business Journal
Publication Date: 13-SEP-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ivy leaguers riding high in unstable financial world.(Opinion)

Article Excerpt
Financial authoritiesare aghast over the latest near-death international financial collision It involved a lightning-fast dump-off this month of nearly $14 billion in securities. The perpetrator was Citigroup, operating out of London In about two minutes, it flooded the European market with eurozone government bonds, sending the price southward. Citigroup then begat buying them back in huge gobs, in the end realizing a complex but substantial profit.

Furious over the ploy, the enforcement division of the UK's Financial Services Authority has launched a formal investigation: "The FSA's key aims include maintaining efficient, orderly and clean financial markets. In the view of the FSA, achievement of that aim requires large players in financial markets to have regard to...

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