Citigroup will pay a 69 million rand (€5 million) fine to resolve its role in South Africa’s foreign exchange rigging investigation, days after the country’s competition enforcer referred a host of banks to the country’s Competition Tribunal alleging they fixed the exchange of the US dollar/rand currency pair. Nov 01, 2013 · The U.S. Department of Justice on Tuesday confirmed it had "an active, ongoing investigation into possible manipulation of foreign exchange rates" by traders at several banks. Citigroup, JPMorgan caught up in global forex probe 1 min read. jurisdictions are conducting investigations or making inquiries regarding trading on the foreign exchange markets," Citi said. Global banking and investment giant Citigroup Inc (NYSE:C) today announced the addition of Futures trading functionality on Citi Velocity, the distinguished trading platform which already provides clients with access to Citi’s research and liquidity across FX, Rates and Credit. Forex probe sees London banks suspend traders. Citi will cut 52,000 more jobs to slash costs by 20 per cent. Business News. Saunders has £800m to start buyout talks with WestLB.
May 20, 2015 · Global banks admit guilt in forex probe, fined nearly $6 billion. By Karen Freifeld, David Henry and Steve Slater, Reuters Traders at Citi, JPMorgan and other banks were part of a group known Citi, JPMorgan caught up in forex probe. From the Newspaper 02 Nov 2013. Facebook Count. Twitter Share . Email. Your Name * Recipient Email * 0. NEW YORK CITY, Nov 1: Citigroup and JPMorgan Chase Nov 01, 2013 · Citi, JPMorgan in forex probe. By SAPA Nov 1, 2013. jurisdictions are conducting investigations or making inquiries regarding trading on the foreign exchange markets,” Citi said.
Citi, JPMorgan caught up in forex probe. From the Newspaper 02 Nov 2013. Facebook Count. Twitter Share . Email. Your Name * Recipient Email * 0. NEW YORK CITY, Nov 1: Citigroup and JPMorgan Chase
May 2, 2018 In 2015, five large banks, including Citigroup and JP Morgan Chase, paid a total of $2.5 billion in fines after an investigation revealed their traders Nov 13, 2014 Citibank will pay the second largest total fine at $668 million. British regulators said 36 banks that operate in the foreign exchange market, May 20, 2015 6 big U.S., U.K. banks to pay $5.6B in fines in foreign currency probe for manipulating the foreign exchange markets are Barclays, Citigroup, May 25, 2016 The CFTC Order requires Citibank to pay a $250 million civil reflect all aspects of Citibank's response to the investigation, including the evolving Banks and Brokers to Address ISDAFIX, FX, and LIBOR Benchmark Abuses. Mar 15, 2016 SFO drops probe into price-rigging in foreign exchange And in 2015, Barclays, JP Morgan, Citibank, RBS and UBS were fined by US Nov 12, 2014 US OCC Adds $1 bln to Forex Fines, JPMorgan Chase & Citi's Bills Surpass According to the foreign exchange fixing probe findings, several Nov 12, 2014 Forex rigging scandal - a timeline of the banking probe Citigroup fires its former head of European spot trading and Deutsche Bank suspends
This investigation into a forex scandal is called a forex probe. Currency rigging definition Currency price rigging or price-fixing or collusion is a very rare and illegal action of a market manipulation that occurs when parties conspire to fix or inflate currency prices to achieve higher profits at the expense of the consumer. Citi International Personal Banking Hong Kong, offers forex(FX) forecast & analysis for global markets so that you keep your trades up-to-date & competing. Visit our website to know more about forex(FX) insights & capture any upside opportunities on foreign exchange market. Citi Velocity SM Trading Our new trading platform offers significant advantages to our institutional clients. CitiFX Pulse SM Full suite of pre-trade market information including news, research and exposure management tools. CitiFX SM Click Intuitive and real-time post-trade reporting platform.