Citi Fined $2M Over Facebook IPO

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Oh no! Poor Citigroup will now have to dig deep into its petty cash to pay this whopping $2 million fine. :rolleyes:

The complaint contends the unidentified junior analyst sent some of Citi's confidential views on investment risks and revenue estimates for Facebook to two employees at TechCrunch.com, a technology-focused media company, three weeks before Facebook went public on May 18.
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well I'm guessing said "junior analyst" is going to find himself without a job very soon.
 
Steve said:
Oh no! Poor Citigroup will now have to dig deep into its petty cash to pay this whopping $2 million fine. :rolleyes:
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That's like asking a bum to scratch his own ass in terms of cost.

When will governing bodies over any bank realize that fines only hurt if they are large fines...

So pointless.
 
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