Citi fined $79 million by British regulators over fat-finger trading and control errors
Publishing timestamp: 2024-05-22 16:04:47
Summary
British regulators fined Citi $79 million for failings in trading systems and controls, citing incidents such as a $1.4 billion trading blunder due to system deficiencies. Citi received a 30% reduction in the penalty after agreeing to resolve the matter.
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Tickers: C,
Keywords: banks, citigroup inc, markets, crime, breaking news: markets, laws, business news,