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Goldman Pays $7m For Supervision Failures

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The U.S. Commodity Futures Trading Commission (CFTC) has announced that Goldman Sachs Execution & Clearing, L.P. (GSEC), a registered futures commission merchant based in New York, N.Y., agreed to pay a $5.5m civil monetary penalty and $1.5m in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.

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Barclays hopes for probe progress

Barclays is hoping to make 'significant' progress this year in resolving a series of investigations into potential misconduct by its employees, its chief executive said Thursday.

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Citi unit must face Madoff claims

A Citigroup unit and PricewaterhouseCoopers must face claims they played a part in costing investors more than $1bn in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled.