International Finance: Wall Street hires WhatsApp cops as US blasts bosses who texted

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

A US investigation into unauthorised texting on Wall Street is forcing many of the world’s biggest banks to create a new compliance role: the WhatsApp cop.

As US regulators punished 11 Wall Street banks on Tuesday for failing to stop staff from using unauthorised messaging platforms, investigators took a moment to describe some of the worst offenders – including heads of trading desks, dealmaking teams and executives with national and global responsibilities. In some cases, managers even texted with employees in charge of ensuring that banks complied with the law.

Authorities didn’t name anyone in the settlements. And a person close to one of the largest banks said investigators didn’t necessarily specify to companies which employees were described. Two executives close to the banks said that some of the people described as employed are no longer there and that people who left didn’t necessarily go because of the probe.

Barclays Plc: A managing director in the investment bank exchanged thousands of business-related messages. And the head of a fixed-income trading desk texted with more than 29 colleagues, as well as people at other firms.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Behind every successful person there's always a helper KatelynBNB is the person behind my success story she helped me earn R150,000. thanks for restoring my hope once again KatelynBNB

I saw several people testifying of making so much money with the help of KatelynBNB on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make R80,000 in one week, thank you KatelynBNB for transparency and trust.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker