The commercial mortgage bond trading heads of Citigroup and Goldman Sachs have stepped down, Bloomberg reports. Warren Geiger quit from his position at Citigroup, while Matthew Salem left Goldman. Geiger joined Citigroup in 2004 from AIG. Separately, both the banks pulled a $1.5 billion commercial mortgage-backed security from the market after Standard & Poor’s refused to rate the notes due to a discrepancy in how it graded the transaction.
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