Chief Markets Correspondent, London
Jamie's Feed
Nov 21, 2014
Nov 21, 2014
Nov 21, 2014

ECB drops Citi from FX contact group

FRANKFURT (Reuters) – The European Central Bank has dropped Citigroup (C.N: Quote, Profile, Research, Stock Buzz) from its experts’ working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market.

A source familiar with the matter said the ECB’s decision seemed to be related to the fine.

Nov 21, 2014
Nov 21, 2014
Nov 21, 2014
Nov 21, 2014
Nov 21, 2014

Bank executives want City wrongdoers to face jail, says top funds boss

LONDON, Nov 21 (Reuters) – Senior banking executives would
favour criminal prosecutions and jail time if necessary for
employees suspected of serious market misconduct, one of
Britain’s most influential fund managers told Reuters.

Anne Richards, chief investment officer at Aberdeen Asset
Management, with more than $500 billion of assets under
management, said more must be done to change the culture of an
industry whose image has been tarnished by scandal after
scandal.

Nov 21, 2014
Nov 21, 2014