Financial Times FT.com

Ex-Citibank bankers charged in Singapore

By John Burton in Singapore

Published: January 24 2008 18:45 | Last updated: January 24 2008 18:45

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.

The seven 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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