Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.
June 10, 2019Adding to the European Commission's $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.
June 10, 2019Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.
May 20, 2019The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore's banking landscape.
May 8, 2019MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.
April 26, 2019The A$3mn compensation programme follows an ASIC investigation which found that 114 retail investors lost money from investing in complex products based on improper advice.
April 16, 2019Citigroup'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, 2019The 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, 2019The 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, 2019The 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