663 results found
Lexology PRO | Argentina, China, Global, etc. | 27 Nov 2023
Employment: key updates and developments (21—27 Nov)
Citigroup faces sexual harassment suit in US, UK increases 2024 minimum wage and benefits, and Spanish trade union sues YouTube for unfair dismissal of content creator – plus other key updates.
Lexology PRO | USA | 14 Feb 2023
US state anti-ESG laws: key implications for businesses
As pro-ESG and anti-ESG laws are passed in states across the US, businesses will need to consider carefully how to manage the conflicting requirements and the associated risks.
Lexology PRO | USA | 20 Dec 2022
Fed and FDIC slam “poor quality” Credit Suisse living will
Credit Suisse and BNP Paribas have joined Citigroup in the Federal Reserve and FDIC doghouse over failings in their resolution plans – as the head of another US regulator calls for an end to what he calls the “preferential treatment” given to foreign banks’ US branches and agencies.
Lexology PRO | USA | 4 Oct 2022
Fed names six banks for its “not a stress test” climate scenario exercise
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are set to undertake next year’s pilot climate scenario exercise with the Federal Reserve – but it’s definitely not a stress test, the central bank has insisted.
Lexology PRO | USA | 28 Sep 2022
US regulators issue $1.8 billion in fines over personal messaging usage
The SEC has announced a “first-of-its-kind group resolution” against 11 financial institutions for breaching rules governing the use of personal devices at work.
Lexology PRO | European Union, United Kingdom | 22 Aug 2022
FCA fines Citi over MAR implementation failures
Citigroup Global Markets has accepted a fine from the UK’s Financial Conduct Authority, after the regulator ruled it failed to properly implement the EU’s Market Abuse Regulation in time.
Lexology PRO | Global, USA | 27 Apr 2022
Major US banks reject “first of their kind” shareholder climate resolutions
Shareholders at Bank of America, Citigroup and Wells Fargo have refused to back to climate proposals from activist investors requiring them to implement stricter fossil fuel financing policies.
Lexology PRO | Australia, China, European Union, etc. | 2 Mar 2022
Anti-corruption and AML: key compliance updates (17 Feb – 2 Mar)
The UK introduces an economic crime bill, Italy and Singapore propose AML compliance obligations for cryptocurrency service providers, and tips for complying with Russian financial sanctions – plus other key updates.
Lexology PRO | USA | 28 Feb 2022
Goldman Sachs, Citi disclose record-keeping investigations
The banks announced SEC probes into their suspected use of unapproved messaging platforms not long after HSBC said it was under investigation for similar practices by the CFTC.
Lexology PRO | Asia-Pacific, Hong Kong | 28 Jan 2022
Citigroup Asia slapped with $45m fine for misleading clients about trades
Hong Kong’s financial markets regulator said that the bank’s culture encouraged “chasing revenue at the expense of basic standards of honesty”.
