The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have announced that an agreement has been reached with Citibank Hong Kong in relation to its distribution of market-linked notes (MLNs) and equity-linked notes (ELNs) issued by Lehman Brothers between March 2007 and June 2008. Without admitting any liability, Citibank HK has agreed to make a repurchase…
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