Citigroup (NYSE: C) has bought the commodity trading books
of Credit Suisse Group AG (NYSE: CS) (ZHR: CSGN) (CSGN.
The price verification mechanism applied to other trading books
was not applied to the book;
Global Banking News-July 3, 2014--Citi buys Deutsche Bank's US power trading books
Global Banking News-July 2, 2014--Citi acquires Deutsche Bank's power trading books
Global regulators, the Basel Committee of banking supervisors from nearly 30 countries, have proposed fundamental changes in how banks price their trading books
Adair Turner, chairman of the UK's Financial Services Authority, has said that banks need to hold five to 10 times more capital than they currently hold against their trading books