HALISTER1: FCA Said to Step Up Probe on ICBC, CCB London Branches: Caixin

FCA Said to Step Up Probe on ICBC, CCB London Branches: Caixin

(Bloomberg) -- U.K.’s Financial Conduct Authority to step up probe on London branches of China Construction Bank and Industrial & Commercial Bank of China, Caixin reports, citing unidentified people familiar.
  • Probe to focus on financial crime, money laundering
  • FCA has positive feedback on ICBC’s London branches: report cites an unidentified person close to ICBC
  • ICBC, CCB declined to comment when contacted by Bloomberg
  • NOTE: Mar. 5, Spain Said to Probe $88 Million of Funds Laundered Through ICBC
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0761959D LN (Financial Conduct Authority)
939 HK (China Construction Bank Corp)
601398 CH (Industrial & Commercial Bank of China Ltd)

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