Citi Executive Told Peers Nuveen Demand Was ‘Outrageous’ (2)

A former Citigroup Inc. executive called Nuveen LLC’s alleged demand that the bank stop doing business with the bond giant’s smaller rival Preston Hollow Capital “outrageous” and “anticompetitive,” according to a new court filing citing tapes of phone calls in a long-running legal battle.

“The idea that you can say don’t do business with X, I find to be incredibly illegal ... I’m not a lawyer, but that just sounds wrong to me,” Peter Bartlett, Citigroup’s former co-head of capital markets for municipal securities, said in a call that included Jamie Doffermyre, the bank’s head of municipal ...