Tue, Oct 21, 2014, 4:05 AM EDT - U.S. Markets open in 5 hrs 25 mins

Recent

% | $
Quotes you view appear here for quick access.

Citigroup Inc. Message Board

  • srbbs srbbs Feb 6, 2013 11:00 AM Flag

    Banks Must End ‘Brazen, Flagrant’ Manipulation: CFTC’s Chilton

     

    Big banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday, adding that imposing hefty fines were needed as a deterrent to bad behavior.

    In the wake of disclosures that Royal Bank of Scotland would be fined $627 million by regulators in the U.K. for global interest-rate rigging, Bart Chilton, the CFTC Commissioner, called for a "culture shift" as part of an effort to rein in improprieties at large financial institutions.

    "They were really acting like they were flying above the law in arrogant fashion," Chilton said on "Squawk Box." He said the stiff penalties levied against RBS showed that regulators were serious about cleaning up financial markets.

    This topic is deleted.
 
C
50.53+0.46(+0.92%)Oct 20 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Apple Inc.
NasdaqGSMon, Oct 20, 2014 4:00 PM EDT
TOTAL S.A.
NYSEMon, Oct 20, 2014 4:03 PM EDT