By Christina Rexrode
Citigroup Inc. has ousted a banker for allegedly mismarking his trading book, according to a person familiar with the situation.
The bank fired Carl Bonde after discovering that he had been exaggerating his trading performance, according to the person. Mr. Bonde, who declined to comment, traded inflation derivatives at the bank's New York office. The bank also fired Mr. Bonde's boss, Keith Price, for failure to supervise. Mr. Price couldn't be reached for comment.
A Citigroup spokeswoman confirmed that Mr. Bonde and Mr. Price are no longer with the company. The development was first reported by Bloomberg News.
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