A U.K. regulator, the Financial Conduct Authority (FCA), has imposed a fine of $14.8 million (£12,553,800) upon Citigroup’s international broker-dealer subsidiary for breaches of the Market Abuse Regulation (MAR), a law that requires firms to monitor orders and trades to detect potential market manipulation. The FCA charged the London-based Citigroup Global Markets Ltd. (CGML) with… Read More >>
Credit Suisse Asset Management Group Sells Off Actiance Investment
Sale is Key to the Merging of Actiance and Smarsh Credit Suisse Asset Management’s NEXT Investors group reported on Nov. 30 that it has exited its investment in Actiance, a communications and social media compliance, archiving, and analytics vendor, via a sale to K1 Investment Management, a U.S. private equity firm that invests in enterprise… Read More >>
S&P May Cut Ratings for BofA, Citi, JPMorgan, Morgan Stanley & Others
Eight major U.S. financial services firms may have another issue to worry about as ratings agency Standard & Poor’s is putting them on a watch list for ratings cuts because these firms may be affected by a proposed rule of the Federal Reserve ending bailouts for firms that are “too big to fail.” The eight… Read More >>
