FINSwire Feb 01 2010

Citadel Stumbles as It Tries to Build Out an Investment Bank

FINSwire Team

Hedge fundCitadel Investment Group was supposed to be a refuge from the storm. The Chicago-based firm had begun to build out an investment bank, bringing a group of high-level refugees to help expand its offerings. But as this WSJ story describes, the effort has stumbled, and doubts remain whether the unit will ever gain traction. If you're looking for banking work in Chicago, cross Citadel off your list for now.




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