February 20, 2017 BY LeapRate Staff
Citigroup settles on $5 million fine with South African authorities on forex collusion case
South Africa's Competition Commission has filed with the Competition Tribunal a settlement agreement reached with the Citibank N.A. unit of global banking giant Citigroup Inc (NYSE:C) for being part of a forex trading cartel. The Commission found that from at least 2007, Citibank N.A. and its competitors had a general agreement to collude on prices for…
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