Capital Markets Law360 provides breaking news and analysis on the capital markets sector. Coverage includes stock and bond offerings, mortgage-backed securities, foreign exchange, follow-on offerings, and debt deals, as well as related litigation and policy developments.
Four former Barclays PLC directors fraudulently deceived the bank’s shareholders by failing to declare additional fees they paid to Qatari investors at the height of the financial crisis and by using other agreements as a “smokescreen” to cover their tracks, prosecutors told a jury in London on Wednesday.
Governments should boost the independence and investigatory powers of their financial regulators to help strengthen domestic capital markets, a report issued by the Bank for International Settlements recommended on Wednesday.
The Financial Industry Regulatory Authority will put a spotlight on online securities distribution platforms and compliance with new rules and disclosure obligations as it looks for the first time toward risk monitoring, the brokerage watchdog said Tuesday in its annual examination letter.
Citigroup Inc. said Tuesday that it has issued its first green bond, which will be used to fund renewable energy and conservation efforts and was issued via €1 billion ($1.1 billion) three-year fixed-rate notes.
Fawaz Alhokair Group has reportedly tapped Morgan Stanley and Moelis related to reignited plans to float its Arabian Centres malls unit, Saudi Aramco could invest billions in natural gas in the United States, and Colfax Corp. has tapped Goldman Sachs to help it sell its Howden unit.