The US authorities are expecting to gain a criminal conviction against Citigroup for FX rate manipulation
Read moreCitigroup and Barclays will reportedly settle a lawsuit with private investors who say the banks manipulated forex rates within the week. The Banks are expected to pay up to a combined $800m to settle the lawsuit, considerably larger payments than those made by JP Morgan and UBS who have settled their parts of the same…
Read moreTwo of the leading equity research analysts covering FXCM at Keefe Bruyette & Woods and Citigroup cite a share value of $0.50 to $2.79 for FXCM.
Read moreCitigroup Inc (NYSE: C), the world's biggest interbank currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and…
Read moreIn settling this matter, the US-based brokerage and securities division of banking behemoth Citigroup (NYSE: C) neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Read moreA source familiar with the matter said the ECB's decision seemed to be related to currency manipulation fines from last week. Citi was fined the most of the six banks involved, just outstripping the $1.012 billion levied on J.P. Morgan.
Read moreThe Wall Street Journal is reporting that Citigroup Inc. (NYSE:C) has appointed Danny Wise as European head of G-10 foreign exchange trading in London, according to people close to the matter. Mr. Wise, who starts at the bank Monday, left Credit Suisse in May as part of a cost-cutting plan. The appointment of Mr. Wise…
Read moreA US District Judge has ordered John Aaron Brooks to pay $500,000 settlement for cheating his former employer whilst holding an executive directorship
Read moreIntroducing Citibank's Foreign Currency Leveraged Investment Account...
Read moreThe departure of Mr. Feig, the bank’s global head of foreign exchange, was announced to staff Tuesday, and follows that of the firm’s most senior currencies banker, Anil Prasad, earlier this year. That leaves the bank lacking senior figures in its currencies business at a delicate time; Citigroup is one of the world’s largest currencies-dealing…
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