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Citi Fined For Alleged Excessive Markups and Markdowns

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The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations.

Credit Suisse To Hire For Wealth Management

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Osama Abbasi, Asia Pacific chief executive officer at Credit Suisse Group AG, talks about the company's business strategy for the region and the Asian investment conference that the bank is hosting this week in Hong Kong. Abbasi also discusses China and U.S. economies.

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