All posts tagged "Citigroup"
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987ChinaChina Excludes HSBC from Sovereign Bond Sale – Reports
HSBC is the only lender that participated in China's November 2019 dollar debt offering that isn't participating in this year's issuance.
October 15, 2020 -
754AML / KYCFed Orders Citigroup to Correct “Longstanding Deficiencies”
The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.
October 8, 2020 -
640Enforcement
CFTC Settles Charges Against Citi Over Deleted Audio Recordings
Citi's audio preservation system deleted more than 2.77 million audio files, including recordings that were subject to a December 2017 CFTC subpoena.
October 2, 2020 -
784Enforcement
US Regulators to Reprimand Citigroup Over Risk Management
The Federal Reserve and OCC are expected to require Citigroup to develop and execute a plan to improve its risk management systems.
September 17, 2020 -
700China
CSRC Grants Citigroup Fund Custody Licence in China
Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
September 3, 2020 -
673Australia & NZAustralia: Banks Fail to Pass Rate Cuts to Credit Card Customers
The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.
June 11, 2020 -
654Market InfrastructureBNY, Deutsche to Set Up FX Trading Infrastructure in Singapore
Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.
June 9, 2020 -
633EnforcementHong Kong: Investors Seek Compensation for Failed IPOs – Report
The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.
May 11, 2020 -
1.2KFeature
Singapore: HSBC Seeks Court Order to Replace ZenRock Management
ZenRock is the latest Singapore commodities trader to come under scrutiny, for allegedly using the same cargo to secure financing from multiple banks.
May 8, 2020 -
637Capital RegulationECB Calls on Banks to Suspend Dividends, Buybacks for Six Months
Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.
March 31, 2020
