All posts tagged "Citigroup"
-
756ChinaCiti 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 -
971Australia & 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 -
780ChinaTrade 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 -
1.9KContributed 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 -
642EuropeShift 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 -
541Enforcement
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 -
689EnforcementCCB Hong Kong Unit Fined for IPO Sponsor Failures
SFC has fined CCB International Capital HK$24mn for failing to conduct reasonable due diligence for seafood company Fujion Dongya Aquatics in its 2014 listing.
July 10, 2018 -
621FeatureSingapore Accelerates Shift to Digital Economy
MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.
June 21, 2018 -
649Big PictureIndustry-wide Collaboration Needed to Combat Cyber Threat – DTCC
DTCC Chief Security Officer Stephen Scharf says traditional focus on preventative measure at individual firm level are no longer enough; closer collaboration is needed to develop collective response and recovery plans.
June 14, 2018 -
781Australia & NZGaming the System is Part of Being a Great Banker
Criminal charges brought by Australian regulators against bankers in the ANZ cartel case represent a challenge against practices traditionally considered the norm in global underwriting syndicate culture.
June 7, 2018
