FSA fines Glencore-Xstrata merger banker Hannam $721,000

Apr 03, 2012 | 10:31 AM |

JP Morgan Cazenove senior banker Ian Hannam has been fined £450,000 ($720,591) by the UK’s banking watchdog, the Financial Services Authority (FSA), for passing on confidential information to prospective clients, according to a statement released by the regulator on Tuesday April 3. Hannam resigned from JP Morgan this morning following the FSA’s ruling, according to press reports. The FSA said that Hannam had been fined for disclosing....

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