FSA fines CS banker Kyprios for crossing line
The Financial Services Authority has fined Nicholas Kyprios, Credit Suisse’s head of European credit sales, £210,000 for "improper market conduct". According to the regulator, he disclosed client confidential information ahead of a bond issue in November 2009.
At the time, Credit Suisse was working with US-based cable operator Liberty Global during its takeover of German cable operator Unitymedia.
The acquisition was partly financed by a 2.5bn bond issue. For the purposes of marketing that bond, Kyprios was wall-crossed on November 9, 2009. He was given confidential
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