NEWSPublished: 04 Oct 11
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Photo credit: Neil Pulling
Citigroup faces another major whammy in JapanWill the group's investment trusts cause its third major punishment in Japan in 7 years? According to a Reuters report, Japan's Financial Services Agency is probing whether Citigroup failed to offer sufficient explanations to customers about investment trusts. Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major punishment in Japan in 7 years, a source with knowledge of the matter said in the report. The FSA also probes if Citigroup had enough measures against money laundering. View the full report here. Do you know more about this story? Contact us anonymously through this link. Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us. Tags: Citigroup investment trust, Citigroup Japan, Japan's Financial Services Agency |