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Citigroup agrees to pay $7m penalty over coding error

SEC Building

The Securities and Exchange Commission thas announced that Citigroup Global Markets has agreed to pay a $7m penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it executed.

Fired-up Mark Carney brings along the heavy mob

Mark Carney

Sterling tumbling, gilt yields at near record lows, balance of payments dire, business confidence flatlining: no wonder Mark Carney brought the eleven horsemen – and women – of the apocalypse with him to the Treasury select committee.

City man turns Michelin-starred chef

Chef's hat

Chef Stephen Harris describes his restaurant, the Sportsman, as a grotty seaside pub. It's in a former hotel on the Kent coast. The nearest neighbour is a run-down caravan site.