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FCPA Blog Daily News

Entries in Citigroup (22)

Monday
Nov272017

Job: Sr Compliance Officer – Latam Anti Bribery

Job Title: Sr Compliance Officer – Latam Anti Bribery

Employer: Citigroup, Inc.

Location: Tampa, Florida USA

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Friday
May202016

Barbara Brooks Kimmel: Searching for balance between trust and CEO performance-based pay

It’s executive compensation season at shareholder meetings and corporate boardrooms across America, and pay for performance continues to be a hot topic.

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Wednesday
Feb242016

HSBC: SEC investigating Asia hiring practices

HSBC Holdings said in an earnings release Monday that the SEC is investigating the bank's hiring practices in Asia.

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Tuesday
Aug182015

BNY Mellon pays $15 million in FCPA settlement for internship hiring practices

The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.

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Wednesday
Aug052015

After first Libor trial, UK jails convicted trader 14 years

The first defendant to go on trial in the UK as part of the Serious Fraud Office's criminal investigation into the manipulation of Libor was convicted and sentenced Monday at Southwark Crown Court.

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Wednesday
Jul222015

Citigroup Banamex USA unit fined $140 million, will close this year

The Federal Deposit Insurance Corporation Wednesday imposed a civil penalty of $140 million against Banamex USA of Century City, California for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.

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Tuesday
May192015

New SEC subpoena asks if BNY Mellon hired government officials

In a securities filing this month, Bank of New York Mellon Corp. said it received a subpoena from the SEC asking about job offers to government officials and internships awarded to their family members.

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Tuesday
Feb172015

Judge Rakoff isn't showing Prof Garrett the love

Judge Jed Rakoff above, Prof Brandon Garrett belowIn the February 19 edition of the New York Review of Books, federal judge Jed Rakoff of the southern district of New York reviews Brandon Garrett's book, Too Big to Jail: How Prosecutors Compromise with Corporations.

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Wednesday
Jan282015

SEC recommends FCPA charges against BNY Mellon for sovereign wealth fund practices

Bank of New York Mellon Corp. said the SEC has recommended an enforcement action for possible FCPA violations related to the bank's dealings with sovereign wealth funds.

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Wednesday
Oct222014

Whistleblower RBS escapes $140 million in new EC fines for Libor cartel 

Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.

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Monday
Jul142014

Citigroup pays biggest civil fraud penalty in DOJ deal

Citigroup Inc. will pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold as the country headed toward financial crisis, including the largest civil fraud penalty ever imposed by the U.S. Justice Department.

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Monday
Jun162014

An Englishman asks if Judge Rakoff was right

It’s not just the language that divides us. On June 4 the United States Court of Appeals for the Second Circuit handed down its judgment in SEC v. Citigroup Global Markets, Inc. This was not, as the citation suggests, a titanic battle fought to legal death but rather the parties coming together to challenge a federal judge’s decision not to endorse a settlement between them. The SEC and Citigroup were at one in their submissions to the appellate court.

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