(Reuters) - Australian regulators had charged the bank with breaching its "Chinese Walls" after a chat between two Citigroup dealers over a cigarette break on a Sydney street led one trader -- Andrew Manchee -- to believe his firm was involved in the A$6.3 billion takeover of stevedoring firm Patrick by rival Toll Holdings Ltd. in 2005.
That trader, then in possession of "inside information", sold a parcel of Patrick shares later that day, the Australian Securities and Investments Commission told the court.
Read more at Reuters.com Business News
That trader, then in possession of "inside information", sold a parcel of Patrick shares later that day, the Australian Securities and Investments Commission told the court.
Read more at Reuters.com Business News
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