Citigroup Inc., the global investment bank with a major presence in Asia, has ousted eight equities traders in Hong Kong and suspended three others after a sweeping internal investigation into its dealings with some clients, people familiar with the matter said. Philip Shaw, a senior equities executive in Hong Kong, and trader Cindy Lui are among those who have left as a result of the review, the people said, declining to be identified as the details are private. Lui declined to comment, while Shaw didn’t respond to calls and messages. Officials at New York-based Citigroup have been examining whether certain traders ... (full story)