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>> FINANCIAL CONDUCT AUTHORITY Latest News

NOV 21, 2014 - Business Insider

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ECB Drops Citi From FX Contact Group

By Eva Taylor and Jamie McGeeverFRANKFURT (Reuters) - The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market.A source familiar with the matter said the ECB's decision seemed to be related ...

Tags: ECB Drops Citi From FX Contact Group,  Financial Conduct Authority Latest News

NOV 20, 2014 - Huffington Post

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U.S.-Brokered Bailout Of For-Profit Colleges Treats Students 'Like Financial Assets'

Some 39,000 college students will soon stop making tuition payments to a company that state and federal regulators allege advertised bogus job prospects to lure low-income Americans and instead will pay a federal contractor accused of abusing bankruptcy proceedings fighting troubled borrowers. Educational Credit Management Corp. -- a Minnesota-based nonprofit known as ECMC Group that derives most of its revenues ...

Tags: U.S.-Brokered Bailout Of For-Profit Colleges Treats Students 'Like Financial Assets',  Financial Conduct Authority Latest News

NOV 20, 2014 - BBC

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VIDEO: 'This was a really serious failure'

The Financial Conduct Authority (FCA) has fined the Royal Bank of Scotland (RBS) £56m after a software upgrade left millions of customers unable to access their accounts.

Tags: VIDEO: 'This was a really serious failure',  Financial Conduct Authority Latest News

NOV 18, 2014 - Zero Hedge

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Goldman FX Trader Fired For Participating In Currency-Rigging Cartel Even As Goldman Avoids Any Charges

As we noted previously, one of the glaring omissions from the list of banks that were charged with rigging FX markets, and subsequently promptly settled with nobody going to prison as usual, which consisted of: Barclays PLC HSBC Holdings PLC Royal Bank of Scotland Group PLC UBS AG Citigroup J.P. Morgan Chase Bank of America Corp. Bank of America Was ...

Tags: Goldman FX Trader Fired For Participating In Currency-Rigging Cartel Even As Goldman Avoids Any Charges,  Financial Conduct Authority Latest News

NOV 18, 2014 - DealBook

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Goldman Sachs Dismisses Trader Linked to Currency Inquiry

The trader, who joined Goldman Sachs in 2012 from HSBC, was among several unidentified traders whose chats were cited by the Financial Conduct Authority in announcing its settlements with banks last week, according to a person briefed on the matter.

Tags: Goldman Sachs Dismisses Trader Linked to Currency Inquiry,  Financial Conduct Authority Latest News