The financial instrument global identifier (FIGI) from Bloomberg’s Open Symbology group, a data research unit at Bloomberg L.P., the privately held media, software and financial data company owned by the former mayor of New York City, has received two more important endorsements in recent days, one from Deutsche Bank and the other from the Object… Read More >>
U.S. Bank Pays $18M Settlement for Alleged Lax FCM Oversight
A federal court has ordered U.S. Bank to pay $18 million to customers of Peregrine Financial Group (PFG), the now-bankrupt futures commission merchant (FCM) accused of defrauding its customers of more than $200 million, allegedly in part because of lax controls at U.S. Bank that allowed the fraud to go unnoticed. The episode highlights the… Read More >>
