Greg Boester Straw That Broke JPMorgan's Back, Caused Bank To Stop Trading With Citadel

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Pissed off about the poaching of employees, JPMorgan has stopped trading with Citadel. Though Dimon's employees have been fleeing to the Chi-town hedge fund for some time, the tipping point for the bank was apparently yesterday's resignation of Greg Boester. Clearing has been left alone, but trading desks have been banned from Citadel until the firm stops hiring its people.