All posts tagged "Citigroup"
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100InternationalCLS, Global Banks Collaboration on PvP Settlement in FX Market
Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021 -
76Australia & NZACCC Opens Competition Inquiry Into NAB-Citigroup Deal
The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
August 31, 2021 -
122Australia & NZNAB Enters Agreement to Acquire Citigroup Consumer Business
Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021 -
164ChinaJP Morgan Approved to Take Full Ownership of China Securities Unit
JP Morgan already had a controlling stake in the unit. The new approval makes it the first foreign firm to fully own a securities venture in China.
August 8, 2021 -
83ChinaCSRC Grants Citigroup Approval to Launch Custody Business
The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.
August 2, 2021 -
142Australia & NZ
ACCC Wary of Potential NAB Bid for Citigroup Unit
NAB is in talks about a possible acquisition of Citigroup’s Australian retail banking business. The ACCC says it is paying close attention.
July 18, 2021 -
290AML / KYCWEF Offers Framework to Help Prevent Illicit Financial Flows
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
June 16, 2021 -
715AML / KYC
Taiwan FSC Fines Citibank, DBS for AML Violations
The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.
May 14, 2021 -
283EnforcementUS Court Dismisses Collusion Case Against 10 Global Banks
The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.
April 8, 2021 -
404Enforcement
New York Court Reinstates SIBOR Manipulation Lawsuit
The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021
