It’s executive compensation season at shareholder meetings and corporate boardrooms across America, and pay for performance continues to be a hot topic.
Entries in Citigroup (21)
The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.
The first defendant to go on trial in the UK as part of the Serious Fraud Office's criminal investigation into the manipulation of Libor was convicted and sentenced Monday at Southwark Crown Court.
The Federal Deposit Insurance Corporation Wednesday imposed a civil penalty of $140 million against Banamex USA of Century City, California for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.
In a securities filing this month, Bank of New York Mellon Corp. said it received a subpoena from the SEC asking about job offers to government officials and internships awarded to their family members.
Bank of New York Mellon Corp. said the SEC has recommended an enforcement action for possible FCPA violations related to the bank's dealings with sovereign wealth funds.
Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.
Citigroup Inc. will pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold as the country headed toward financial crisis, including the largest civil fraud penalty ever imposed by the U.S. Justice Department.
It’s not just the language that divides us. On June 4 the United States Court of Appeals for the Second Circuit handed down its judgment in SEC v. Citigroup Global Markets, Inc. This was not, as the citation suggests, a titanic battle fought to legal death but rather the parties coming together to challenge a federal judge’s decision not to endorse a settlement between them. The SEC and Citigroup were at one in their submissions to the appellate court.
New York state Senator Malcolm A. Smith faces bribery and wire-fraud charges in federal court in White Plains, New York where his trial started Friday.