Tag: Citigroup Inc

SFC fines
August 17, 2018 BY Valentina Kirilova

Citigroup pays more than $10 million for inadequate controls

The Securities and Exchange Commission (SEC) has announced that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million of losses due to trader mismarking and unauthorized proprietary trading and $475 million of losses…

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December 04, 2015 BY Mike Fox

OTC Clear welcomes Citigroup as its first Clearing Member from the U.S.

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that provides clearing services for over-the-counter, or OTC, derivatives, has welcomed Citigroup Inc (NYSE:C) as its first Clearing Member from the United States. "We are pleased to admit Citi as our first US Clearing Member following our receipt of No Action…

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