LONDON (AP) -- Britain's financial regulator has fined a Credit Suisse executive 210,000 pounds ($330,000) for disclosing confidential information ahead of a bond sale.
The Financial Services Authority said Tuesday that Nicholas Kyprios, head of European Credit Sales at Credit Suisse in London, improperly gave information to a fund trader.
Credit Suisse acted for Liberty Global, Inc. in 2009 when it raised euro2.5 billion through a bond issue as part of its takeover of UnityMedia GmbH.
The agency says Kyprios did not set out to disclose confidential information, but engaged in a guessing game with the trader, dropping clues such as "getting warm." In this way, he disclosed when the bond issue would be announced, the potential rating and other details.
- Credit Suisse