All posts tagged "Citigroup"
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1.1KEnforcementCitigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation
Citigroup's London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.
March 27, 2019 -
1.3KEnforcementUBS, StanChart to Settle Hong Kong IPO Misconduct Case
The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.
March 12, 2019 -
939EnforcementSFC Suspends China Merchants Securities Exec Over Sponsor Work
The SFC said Wu Yinong breached the Code of Conduct and the Sponsor Guidelines when he was a sponsor principal in charge of supervising the execution of a 2009 listing application.
February 28, 2019 -
1.3KChinaCSRC Probes Losses at GF Securities Hedge Fund
The CSRC is seeking details about large trading losses at a hedge fund managed by GF Securities' Hong Kong unit. Citigroup faces up to $180mn in losses on a loan to the fund.
February 22, 2019 -
683China
Citi to Divest Stake in Mainland Securities Joint Venture
Citi is looking to form its own majority-owned securities joint venture in China following new rules allowing foreign firms to acquire controlling stakes in such partnerships.
January 10, 2019 -
887Australia & NZASIC Pursues Civil Penalty for ANZ Disclosure Breach
ANZ failed to disclose in its 2015 capital raising that underwriters Citi and Deutsche took up one-third of its share placement.
September 17, 2018 -
670ChinaTrade Row May Delay US Banks Seeking China Expansion – Report
US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.
August 23, 2018 -
1.8KContributed ArticleThe Banking Industry’s $850bn Behavioural Problem
If banks are serious about avoiding future fines and losses, the solution lies first and foremost in developing a robust risk culture across the entire organisation.
August 7, 2018 -
549EuropeShift from London Financial Centre Gains Pace
With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and...
July 12, 2018 -
482Enforcement
Citigroup unit Fined HK$4mn for Alternative Liquidity Pool Failures
SFC found that due to an incorrect system setting for client profiles, over 130 clients had accessed alternative liquidity pool Citi Match without being assessed whether they were qualified investors.
July 11, 2018
