Kiwibank has pleaded guilty to systemic breaches of the Fair Trading Act in Auckland District Court, resulting in a $1.5 million fine from the Commerce...

NZ Herald

Auckland

New Zealand

Kiwibank fined $1.5 million for breaching Fair Trading Act

Media Bias/Fact Check

New Zealand Media and Entertainment

British unit of Macquarie Bank fined US$ 16.3 million; trader banned from the financial sector

Unidade britânica do Macquarie Bank é multada em US$ 16,3 milhões; trader foi banido do setor financeiro

Trader fez 426 operações fictícias para esconder perdas durante quase dois anos

Globo

Roberto Irineu Marinho

Brazil

Trader made 426 fictitious operations to hide losses for almost two years

The UK’s financial watchdog has fined Macquarie Bank Limited £13 million after one of its London metals traders booked hundreds of fake trades to cover up losses.

Shropshire Star

MNA Media

Ketley

Shropshire

England

United Kingdom

Macquarie fined £13m by City watchdog after fake trades

Fake trades were not detected earlier because of ‘significant weaknesses’ in the bank’s systems and controls, the regulator said.

All Sides

Evening Standard

Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

London

Greater London

UK authorities fined Macquarie Bank Ltd.’s British unit £13 million ($16.3 million) after a junior trader on the firm’s London metals desk was able to book 426 fictitious trades to conceal his losses for almost two years.

Ad Fontes Media

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

Macquarie Fined by UK After Metals Trader Books False Trades

Macquarie Bank’s London branch has been slapped with a £13m fine for “serious failings” which allowed one of its employees to record 400 fictitious trades. The Financial Conduct Authority (FCA) penalised the firm based on activity between June 2020 and February 2022. Trader Travis Klein, based on Macquarie Bank Limited’s (MBL) London metals and bulks trading desk, recorded and made efforts to conceal over 400 fictitious trades in its internal sy…

City AM

FCA fines Macquarie Bank for fictitious trades after 'serious failings'

Live - The Financial Conduct Authority in the United Kingdom imposed a fine of 13 million pounds on Macquarie Bank after a London-based trader recorded...

مباشر- فرضت هيئة الرقابة المالية في المملكة المتحدة البريطانية، غرامة قدرها 13 مليون جنيه إسترليني على بنك ماكواري بعد أن سجل أحد المتداولين في لندن...

بريطانيا تفرض غرامة على بنك ماكواري بسبب صفقات وهمية

3yonnewsi

UK fines Macquarie Bank over bogus deals

Follows two breaches in August and September 2023

Manx Radio

HSBC fined nearly £300K by FSA

Macquarie Bank’s London department has really been fined ₤ 13m by the UK’s financial guard canine for “serious failings” that enabled amongst its junior buyers to tape-record higher than 400 make consider professions over a length of 20 months. The Financial Conduct Authority said that Travis Klein, an investor primarily based upon the Australian monetary funding monetary establishment’s London steels and mass buying and selling workdesk from Au…

India Daily Mail

FCA penalties Macquarie Bank ₤ 13m for make consider professions amidst ‘serious failings’|Banking

The UK's
Financial Conduct Authority (FCA) has fined Macquarie Bank Limited's (MBL) London branch
£13 million ($16.4 million) for serious control failures that allowed a junior
trader to conceal hundreds of fictitious trades over a 20-month period,
resulting in losses of $57.8 million.Macquarie Fined £13
Million over Junior Trader’s Fictitious DealsThe
regulatory action stems from the activities of Travis Klein, a former trader on
Macquarie's Me…

Kiwibank fined $1.5 million for breaching Fair Trading Act

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics