Citi Cards CEO Jud Linville to Present at the Deutsche Bank 2016 Global Financial Services Investor Conference
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Citigroup (C), Japanese Affiliates Ordered to Pay $175M by CFTC to Settle LIBOR, Euroyen TIBOR Violations
May 25, 2016 8:50 AM EDTThe U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citibank, N.A. (Citi)(NYSE: C) ; Citibank Japan Ltd. (CJL); and Citigroup Global Markets Japan Inc. (CGMJ) (collectively, Citi and its affiliates) relating to abuses of the London Interbank Offered Rate (LIBOR) and the Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks. Specifically, CGMJ is charged with attempting to manipulate Yen LIBOR and Euroyen TIBOR, and CJL with false reporting of Euroyen TIBOR, to benefit derivatives trading positions that were priced based on... More
