Saturday, June 30, 2007

Citibank and insider trading

A good day for Citibank; turns out that the Supreme Court did not think they were breaching 'Chinese Walls' with respect to their advice to, and trading on, Toll Holding during their takeover bid for Patrick: see SMH link here.

ASIC can't be happy about this. We'll see what their new Chairman, Tony D'Alosio does in response to this.

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