Citigroup to stop publishing credit research

In a dramatic move the US bank will no longer publish corporate credit reports and investment recommendations.

In a bold response to spiraling regulatory costs, Citigroup has grasped the nettle and taken the decision to cease publishing credit research recommendations. The move - which was driven out of New York - will have a major impact in Asia where Citi's fixed income research has topped FinanceAsia's annual poll in recent years.

Citi has informed its Asian clients of the decision and told them that it will take effect on January 1 after...

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