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Citigroup settles for compliance and surveillance failures

SEC Building

The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, non-public information.

Goldman to face Abacus lawsuit

Pointing The Finger

Goldman Sachs will have to defend in court against an investment insurer’s claims that it lied about billionaire John Paulson’s position in a security known as Abacus.



Bank of America

People News: HSBC, Bank of America

HSBC has named former UBS banker Andre Cronje as chief operating officer for its global banking and markets division, according to an internal memo seen by Reuters on Tuesday.