Financial Times FT.com

Seven ex-Citibank staff charged over client data

By John Burton in Singapore

Published: January 25 2008 02:00 | Last updated: January 25 2008 02:00

Seven former Citibank employees have been charged by the Singapore government with breaking client confidentiality laws in a case that reflects fierce recruitment competition among private banks and Singapore's need to uphold tough bank secrecy rules.

They were accused of taking information on private bank clients from Citibank, a part of Citigroup, before they joined rival UBS in 2006.

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