Citigroup wins Calpers borrowing rights

Citigroup's prime brokerage business has won exclusive borrowing rights for the majority of the $76bn (€59bn) of assets tendered by the California Public Employees' Retirement System in a securities lending auction.

Goldman Sachs, JP Morgan, Lehman Brothers and Metropolitan West Securities were also awarded mandates, according to eSecLending, a global securities lending manager that ran the auction for Calpers.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink