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British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. The fines were issued by the Prudential Regulation Authority and the Financial Conduct Authority, whose investigation focused on the period between April 1, 2018, and May 31, 2022. Citi ...
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A hawkish hold by the Reserve Bank of New Zealand and a firmer than expected UK CPI reading have allowed the New Zealand dollar and sterling to show resilience in the face of the US dollar's broadly firmer tone. And even there, the Kiwi and pound have seen their early gains pared. The Swiss franc is the weakest of the G10 currencies today and has fallen to ...
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