HSBC and four other banks agree settlement after rigging UK govt bond auctions
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HSBC, Citigroup, Morgan Stanley, and Royal Bank of Canada have been fined £100 million for rigging UK government bond auctions by sharing sensitive pricing information between 2009-2013.
February 21, 2025 | 7:45 am
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NEGATIVE IMPACT
Citigroup has been fined as part of a £100 million settlement for rigging UK government bond auctions by sharing sensitive pricing information.
The fine suggests regulatory challenges and potential reputational harm, likely causing short-term negative sentiment on Citigroup's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HSBC has been fined as part of a £100 million settlement for rigging UK government bond auctions by sharing sensitive pricing information.
The fine indicates regulatory issues and potential reputational damage, likely leading to short-term negative sentiment on HSBC's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley has been fined as part of a £100 million settlement for rigging UK government bond auctions by sharing sensitive pricing information.
The fine indicates regulatory issues and potential reputational damage, likely leading to short-term negative sentiment on Morgan Stanley's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80