Citigroup Inc has fired eight bankers and suspended three others from its equiti...
HONG KONG - Citigroup Inc has fired eight bankers and suspended three others from its equities trading desk in Hong Kong after an internal probe revealed misconduct in their dealings with clients, people with knowledge of the matter said.
The action was taken after a review raised concerns related to the accuracy of disclosure to clients by the involved sales traders on some transactions where Citi was acting in a principal capacity, one of the people said. “A review of Hong Kong-based cash equities execution identified personal conduct that did not meet our standards and we have taken appropriate action,” the U.S. bank said in a statement to Reuters on Saturday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hong Kong is building an $80 billion artificial island to fix its housing shortageSecretary for Development Michael Wong said in a speech Tuesday that around 1,000 hectares of land would be constructed to deal with Hong Kong's 'serious shortage of land supply.'
Weiterlesen »
Hong Kong residents are least optimistic in 25 years, poll showsHong Kong residents have the least confidence about the future in 25 years, a University of Hong Kong public opinion poll shows.
Weiterlesen »
Hong Kong reveals plan to build one of the world's largest artificial islandsHong Kong plans to build one of the world's largest artificial islands, at a cost of around $80 billion
Weiterlesen »
To confront a wild boar invasion, Hong Kong turns to birth controlHong Kong is a concrete jungle in the middle of an actual jungle. Now, as urban areas sprawl into the surrounding hills, the city is struggling to contain a wild boar problem.
Weiterlesen »
Swimming: Olympic hopeful Hong Kong swimmer To dies at 26Kenneth To, a record-breaking Hong Kong-Australian swimmer who had his sights on...
Weiterlesen »
Hong Kong faces commuter chaos after rare train collisionA train collision disrupted services in Hong Kong on Monday, threatening commute...
Weiterlesen »
United States warns China meddling in Hong Kong hurting business confidenceThe United States warned in a report on Friday that increased meddling from Chin...
Weiterlesen »
Hong Kong fumbles its China extradition fixThe city may exclude white-collar crimes from a mooted deal to exchange suspects with the mainland, to assuage the business community’s concerns. Unfortunately, such an awkward compromise would only confirm the tension between the financial hub’s needs and Beijing’s ambitions.
Weiterlesen »
U.S. warns China meddling in Hong Kong hurting business confidenceThe United States warned in a report on Friday that increased meddling from Chin...
Weiterlesen »