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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.




Former HBOS banker received string of bribes, court hears

A senior former banker at HBOS received a string of bribes over five years – including cash, use of a credit card, luxury holidays and payments for prostitutes – in exchange for agreeing bank loans channelled to ailing business with little or no hope of recovery, a court has heard.