US Department of Justice wants guilty plea from Citigroup for FX manipulation
The US authorities are expecting to gain a criminal conviction against Citigroup for FX rate manipulation
View ArticleBarclays settlement with NY regulator over FX manipulation still distant
Benjamin Lawsky, Superintendent of New York State's Department of Financial Services tells Barclays "There are two options: You can do a settlement in May with a carveout, or you can do a settlement...
View ArticleCredit Suisse goes live on FXSpotStream
The addition of Credit Suisse adds to the liquidity available from FXSpotStream’s 9 existing liquidity providers, all of which are Tier 1 global banks
View ArticleBillions in fines for FX rigging imminent for four major banks
Four major banks, JPMorgan Chase & Co, Barclays, RBS and Citigroup, are expected to plead guilty to criminal antitrust charges for alleged collusion by traders in foreign-currency markets
View ArticleFX rate manipulation to cost four banks $3 billion as guilty plea draws near
RBS, Citigroup, Barclays and JPMorgan Chase & Co are set to plead guilty this week to the part they played with regard to FX rate manipulation, with fines set to reach approximately $3 billion
View ArticleCitigroup to pay $1.66bn to settle US FX investigations, class action
The financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US.
View ArticleGlobal law firm Hausfeld, counsel against banks in the US, lifts the lid on...
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...
View ArticleCiti 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.
View ArticleCiti’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.
View ArticleWhat’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...
View ArticleCitigroup FX trader fired in rate rigging scandal suing his former employer...
The former Citigroup employee is set to challenge his dismissal at a London court today.
View ArticleBarclays settlement with NY regulator over FX manipulation still distant
Benjamin Lawsky, Superintendent of New York State's Department of Financial Services tells Barclays "There are two options: You can do a settlement in May with a carveout, or you can do a settlement...
View ArticleCredit Suisse goes live on FXSpotStream
The addition of Credit Suisse adds to the liquidity available from FXSpotStream’s 9 existing liquidity providers, all of which are Tier 1 global banks The post Credit Suisse goes live on FXSpotStream...
View ArticleBillions in fines for FX rigging imminent for four major banks
Four major banks, JPMorgan Chase & Co, Barclays, RBS and Citigroup, are expected to plead guilty to criminal antitrust charges for alleged collusion by traders in foreign-currency markets The post...
View ArticleFX rate manipulation to cost four banks $3 billion as guilty plea draws near
RBS, Citigroup, Barclays and JPMorgan Chase & Co are set to plead guilty this week to the part they played with regard to FX rate manipulation, with fines set to reach approximately $3 billion The...
View ArticleCitigroup to pay $1.66bn to settle US FX investigations, class action
The financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US. The post Citigroup to pay $1.66bn to settle US FX...
View ArticleGlobal law firm Hausfeld, counsel against banks in the US, lifts the lid on...
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...
View ArticleCiti 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. The post Citi enables futures trading on...
View ArticleCiti’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. The post Citi’s...
View ArticleWhat’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...
View Article