Bad day for Citi: CFTC doles out $425 million in fines for manipulation of LIBOR and swap rates LeapRate

May 25, 2016 BY LeapRate Staff

Bad day for Citi: CFTC doles out $425 million in fines for manipulation of LIBOR and swap rates

US financial regulator CFTC has issued two notices about fairly large fines totaling $425 million being levied against banking giant Citigroup Inc (NYSE:C). In Notice #1, the CFTC has ordered Citibank, N.A. and Japanese affiliates to pay a $175 million penalty for attempted manipulation of Yen LIBOR and Euroyen TIBOR, and false reporting of Euroyen TIBOR and…

April 12, 2016 BY LeapRate Staff

Nick Hamilton leaves Citigroup eFX for FastMatch as Director of Sales - Europe

LeapRate has learned that Nick Hamilton has joined institutional electronic FX platform FastMatch as of April 11th, as the Director of Sales - Europe. Nick joins FastMatch after 3+ years at Citigroup Inc (NYSE:C) where he was responsible for eFX Sales out of London to UK Hedge Funds including Global Macro Hedge Funds, CTAs and Systematic Funds. Prior…

September 08, 2015 BY Maria Nikolova

Citigroup FX trader fired in rate rigging scandal suing his former employer for wrongful dismissal

The former Citigroup employee is set to challenge his dismissal at a London court today.

July 24, 2015 BY Andrew Saks-McLeod

What's in a name? FCA warns regarding unregulated firm Citigroup Investments

The Financial Conduct Authority has issued a warning to potential investors, stating that Citigroup Investment and its associated company Citigroup Implementation Services Limited are not authorized to conduct financial services business in the UK

June 11, 2015 BY Maria Nikolova

Citi's bill for FX manipulation outweighs its revenues from illicit activity

The size of the fines the bank paid to regulators because of Forex rigging equal more than 2,000 times the revenues it generated from market manipulation, estimates Citi's Jamie Forese.

June 08, 2015 BY Maria Nikolova

Citi enables futures trading on Citi Velocity platform

The platform, which already offers access to Citi’s research and liquidity across FX, Rates and Credit, now provides traders with access to the futures market.

May 20, 2015 BY Andrew Saks-McLeod

Global law firm Hausfeld, counsel against banks in the US, lifts the lid on FX rigging outcomes

The rights of customers cannot be subordinated to the self-interest of trader profit. The duties of financial institutions to those who entrust them with their investments must be respected. Where there is a failure of this responsibility, it must be clear that there will be accountability” - Michael D. Hausfeld

May 20, 2015 BY Maria Nikolova

Tag: Citigroup Inc (NYSE:C)