Archive for August 7th, 2008
Citigroup fined $100MM for ARS, while ABCP fiasco remains untouched
7 August 2008Further to last weekends’ excitement (see prior post “Cuomo takes action against Citigroup, while ABCP buyers wait in vain” August 2-08), the U.S. enforcement world has moved swiftly once again. And even the SEC is getting into the game with a $100 million fine for Citigroup (C:NYSE) for selling auction-rate securities “as though they [...]