A Citigroup spokesman confirmed their departures, but declined to comment on the circumstances under which they left the firm. “We wish Michael and Nestor well in their future endeavors,” the spokesman said. The fallout from Citigroup rough third quarter, which reported $2.2 billion in trading losses, continues as two senior traders left the banking firm.

Michael Raynes, head of structured credit, and Nestor Dominguez, co-head of collateralized debt obligations, were in the middle of the storm that hit Citigroup and other banks and Wall Street firms during a credit crunch that began this summer and is still roiling markets.

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