Tag: Citi

January 16, 2015 BY Mike Fox

Citi loses more than $150 million on Swiss swing

Citigroup 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…

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November 22, 2014 BY Mike Fox

ECB drops Citigroup from FX contact group

A 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.

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