Citigroup Follows Morgan Stanley, UBS, Quits Recruiting Pact – Bank

Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street`s biggest securities brokerages to not sue each other when a broker switches firms. Morgan Stanley and UBS Group AG`s Wealth Management Americas discontinued the agreement, called the “broker protocol,” earlier this year.[…] Source: Zee Business […]