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New York Attorney General Eric T. Schneiderman Announces $182 Million For New Yorkers As Part Of $7 Billion Citigroup Settlement - RMBS Task Force, Co-Chaired By Schneiderman, Produces Second-Largest Settlement Ever Levied Against A Financial Institution In United States - Schneiderman: “Today’s Settlement Is A Major Victory In The Fight To Hold Those Who Caused The Financial Crisis Accountable”

Date 14/07/2014

Attorney General Eric T. Schneiderman today joined members of a state and federal working group he co-chairs to announce that $182 million – $92 million in cash, and at least $90 in consumer relief – would be allocated to New York State as part of a $7 billion settlement with Citigroup. As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public – including the investing public – arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by Citigroup. The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers, and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas.
Justice Department, Federal And State Partners Secure Record $7 Billion Global Settlement With Citigroup For Misleading Investors About Securities Containing Toxic Mortgages - Citigroup To Pay The Largest Penalty Of Its Kind - $4 Billion

Date 14/07/2014

The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009. The resolution includes a $4 billion civil penalty – the largest penalty to date under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public – including the investing public – about the mortgage loans it securitized in RMBS. The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas. The settlement does not absolve Citigroup or its employees from facing any possible criminal charges.
Grant Angwin Elected New London Bullion Market Association Chairman

Date 14/07/2014

At the twenty-sixth Annual General Meeting on 11th July 2014, Grant Angwin of Johnson Matthey was elected as the Chairman of the LBMA.
Equity Crowdfunding: New 'Secret' Rules For Social Media Users - A "Terrifying Misuse Of Legislation"

Date 14/07/2014

A briefing and submission to Ministers handed to Treasury officials today documents how the FCA (Financial Conduct Authority) is abusing legislation created before the social web existed to gag its use with equity Crowdfunding. Their action, which extends to anyone even mentioning a crowdfund online, is also threatening free speech and free expression, according to leading lawyers.
Xetra/Börse Frankfurt: Five New ETNs From ETF Securities Launched On Xetra - ETNs Offer Access To Foreign Currency Markets Via Currency Baskets

Date 14/07/2014

Five ETNs on currency baskets from the ETF Securities product offering have been tradable on Xetra since Monday. The new ETNs track the performance of four tactical and one strategic currency basket.

NASDAQ OMX Lists Calamos Focused Growth ETF - Active Equity ETF Begins Trading Immediately

Date 14/07/2014

NASDAQ OMX today announced that Calamos Investments listed a new exchange traded fund (ETF), Calamos Focused Growth ETF (Nasdaq:CFGE), on The NASDAQ Stock Market® (NASDAQ®). CFGE will begin trading on NASDAQ today, July 14, 2014.
Euronext Launches Three New Futures Contracts On CTT, Portucel And Semapa Shares

Date 14/07/2014

Euronext launched today on the Portuguese derivatives market three new futures contracts on CTT, Portucel and Semapa shares, in the context of its strategy to develop and promote the Group’s derivative Markets.
ICE Brent Crude Benchmark Sets New Daily Volume Record

Date 14/07/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Brent Crude futures achieved a daily volume record of 1,451,481 contracts on July 11, 2014. The previous daily volume record was 1,221,190 on June 23, 2011.
Broadridge Investment Management Solutions Unveils New Mobile, Web-Based Reporting Tool

Date 14/07/2014

Broadridge Financial Solutions, Inc. (NYSE: BR), a leading provider of technology-driven solutions for financial firms and corporate issuers globally, today expanded its set of dynamic, cutting-edge solutions for the buy side with the launch of Report Manager.
Euroclear UK & Ireland Welcomes Rathbones To Automated Fund Settlement

Date 14/07/2014

Rathbone Brothers Plc. (Rathbones), a leading provider of investment management services to private clients, charities and investment advisors, has taken a major step in automating its fund settlement process by using Euroclear UK & Ireland’s (EUI) investment fund service, effective immediately. EUI is the sole processing provider to offer end-to-end services for the settlement of fund units and applicable cash movements to the entire Rathbones distributor community.