Dark pool cases: Barclays, Credit Suisse in record deals with US
Washington
BARCLAYS and Credit Suisse have settled US federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay US$70 million, federal and New York state officials said on Sunday.
The settlements between the banks and the US Securities and Exchange Commission (SEC) and the New York state attorney-general mark the two largest fines ever paid in connection with cases involving dark pools. The amount to be paid, in fines and disgorgement, is a combined total of US$154.3 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say