Tag: Citigroup Inc (NYSE:C)

FX settlement
November 20, 2017 BY LeapRate Staff

UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel

The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…

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cftc penalty
June 30, 2017 BY LeapRate Staff

CFTC enters into Non-Prosecution Agreements with former Citi traders in Treasury Spoofing case

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it entered into non-prosecution agreements with Jeremy Lao of New York, Daniel Liao of Minato-Ku, Japan, and Shlomo Salant of New York. In their non-prosecution agreements, Lao, Liao, and Salant each admits that he engaged in the unlawful disruptive trade practice of “spoofing” (bidding or offering with…

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SFC fines
January 26, 2017 BY LeapRate Staff

Citigroup overbilled advisory clients, pays $18 million fine

The U.S. Securities and Exchange Commission today announced that the Citigroup Global Markets unit of global banking giant Citigroup Inc (NYSE:C) has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory clients were overcharged approximately $18 million…

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December 15, 2016 BY admin

Citigroup funds London forex trading blockchain startup Colbalt

It was announced today that Citigroup Inc (NYSE:C) has invested in London-based FX blockchain startup Colbalt. The company also announced it added Charlotte Crosswell, former Nasdaq NLX CEO as a strategic advisor as the service gets closer to launch. Terms of the investment were not announced. Cobalt DL, a FX post-trade processing network based on distributed ledger technology…

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November 14, 2016 BY LeapRate Staff

Cürex Group adds Ron Papka and Justin Brill as Managing Directors

Institutional FX execution services and data analytics company Cürex Group announced today two senior hirings to its management ranks. Ron Papka (pictured above) has been named a Managing Director focusing on the development of data analytics and trading tools. Justin Brill has also joined Cürex as a Managing Director, focusing on business development. Cürex Group also recently…

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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…

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