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Senior Credit Suisse banker gets bonus despite £210,000 fine

From telegraph.co.uk

A senior Credit Suisse trader will be paid a bonus for 2011 despite being fined £210,000 by the Financial Services Authority for "improper market conduct". Nicholas Kyprios, head of European credit sales at Credit Suisse, will be paid 50pc of his bonus by the bank after "serious" rule breaches but will retain his job. The decision comes despite the FSA finding Mr Kyprios guilty of disclosing inside information through playing "charades" and "getting warmer" with a client. Mr Kyrios was fined in relation to a bond sale dating back to 2009 in which he was found to have breached market rules about the disclosure of ... (full story)

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