Citigroup is one of five banks fined by the EU for currency rigging.
Citigroup, Barclays, JPMorgan, The Royal Bank of Scotland (RBS) and MUFG (formerly Bank of Tokyo-Mitsubishi) were all hit with fines.
May 16, 2019 at 01:14 PM
1 minute read
The European Commission has fined five banks a total €1.07 billion ($1.2 billion) for manipulating the foreign exchange market in 11 currencies.
Citigroup Inc., Barclays, JPMorgan Chase & Co., and the Royal Bank of Scotland were fined €811.197 million ($906.8 million); and Barclays, RBS and MUFG Bank (formerly Bank of Tokyo-Mitsubishi) were fined €257.682 million ($288 million).
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