Hot Issues

The UK Financial Conduct Authority announced in a statement today that the regulator and the US Commodity Futures Trading Commission has fined RP Martin Holdings Ltd a combined $2.3 million for their collusion with a UBS trader to rig the London interbank offered rate linked to the Japanese yen.

An employee memo signed by Citigroup Inc Chief Executive Officer Michael Corbat revealed that 11 people, including executives, were fired in relation to the $400 million Banamex loan fraud.

According to Police Commissioner William Bratton on Tuesday, the questioning and eventual hiring of arrested Muslims in New York City to be its informants following the police department's dismantling of its Muslim spying unit was an essential part of their police work, The Associated Press reported.