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Citi Fined For Alleged Excessive Markups and Markdowns

Citi Logo

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.



Mario Draghi

European fund manager assets spike 15% to $20 trillion

Fund manager assets in Europe are slowly catching up with their U.S. counterparts after a 15 percent jump in money under management in the currency bloc, and it looks as though the European Central Bank's bond-buying program can only help the industry.