The Hong Kong regulator fined Citigroup $45 million - Bloomberg

The commission on securities and futures of Hong Kong fined Asian division the American banks Citigroup ("Citigroup") $45 million. About it reported on Friday agency Bloomberg with reference to the financial regulator of Hong Kong. According to the Hong Kong authorities, in Citigroup allowed "serious violations of standard and legal regulation" when carrying out operations with stocks for clients during the period from 2008 to 2018. It is specified that some trade departments banks used distorted information at the conclusion of transactions. In the Commission declared intention to begin disciplinary office-work in...