Citigroup to refund retail customers for investment losses: Australian regulator

FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren

The Australian Securities and Investments Commission said it had concerns the bank’s financial advisers had sold the complex products without complying with regulatory and disclosure obligations required to provide personal financial advice. The bank will also give customers with remaining investments in the products an opportunity to exit “without cost,” the regulator said.

“I sincerely believe, with you, that banking establishments are more dangerous than standing armies.” —Thomas Jefferson, President of the United States (1801–1809) and principal author of the United States Declaration of Independence (1776)

That’s nice. With stolen Venezuelan gold?

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

U.S. regulator asks Altria for more information on Juul investmentMarlboro maker Altria Group said on Monday it had received a request for additio... Why is the US coming down hard on e-cigarettes? They don’t want people to quit? ParentsvsVape Not sure why they are asking. The basically wrote the regulations for the tobacco industry. And now they are trying to protect the tobacco industry from tobaccofree smokeless vapour products. prohibtion2.0
Källa: Reuters - 🏆 2. / 97 Läs mer »

Goldman Sachs' investment bank consumer, retail group head to step downGoldman Sachs Group Inc's global head of the investment bank's consume... I'd guess he is going to Bank of America
Källa: Reuters - 🏆 2. / 97 Läs mer »