citi says us authorities probing foreign hiring practices
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Citi says U.S. authorities probing foreign hiring practices

Arab Today, arab today

Arab Today, arab today Citi says U.S. authorities probing foreign hiring practices

Citi Bank
New York - Arab Today

Citigroup Inc. said U.S. authorities including the Securities and Exchange Commission are investigating the bank’s hiring of employees with ties to foreign government officials.

The lender is cooperating with the probes, New York-based Citigroup said Friday in an annual regulatory filing. The requests involve the Foreign Corrupt Practices Act, which makes it a crime to pay or give other benefits to a foreign government official. 

Banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. have disclosed similar investigations. The probes sparked a debate across Wall Street over whether U.S. business standards should be applied in foreign countries and if doing favours for influential officials is illegal.

In November, JPMorgan agreed to pay about $264 million to settle U.S. allegations that it hired children of Chinese decision-makers to win business in violation of anti-bribery laws. JPMorgan engaged in the activity, which it called the Sons and Daughters Program, from 2006 to at least 2012, U.S. authorities said.

Mark Costiglio, a Citigroup spokesman, declined to elaborate on Friday’s disclosure.

Source : Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

citi says us authorities probing foreign hiring practices citi says us authorities probing foreign hiring practices

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

citi says us authorities probing foreign hiring practices citi says us authorities probing foreign hiring practices

 



GMT 16:47 2017 Wednesday ,29 March

Asala feels more nostalgic for Syria

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 01:59 2017 Saturday ,02 September

April21st-May21st

GMT 23:09 2017 Monday ,04 September

Bahrain condemns North Korea's nuclear test

GMT 02:12 2017 Tuesday ,11 July

6 killed in market fire in Nepali capital

GMT 21:41 2017 Saturday ,27 May

Palestinian prisoners end mass hunger strike

GMT 12:11 2015 Wednesday ,21 October

Einstein's theory stands test of time

GMT 10:29 2017 Wednesday ,15 February

Syrian refugees shrug off peace talks but dream of home

GMT 13:56 2017 Tuesday ,28 November

Keep backing yourselves, Root tells beaten England

GMT 13:14 2017 Wednesday ,29 March

La Roche Posay adds to Effaclar collection
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday