Tag: Citigroup
Australia Drops Antitrust Probe Into Against Citigroup & Deutsche Bank
Australia is withdrawing an antitrust lawsuit against Deutsche Bank and Citigroup over a €1.6 billion share offer. One of Australia’s biggest economic cases came...
Big Banks Brace As UK’s FX Class Action May Advance
A specialist London court will decide whether a long-awaited multi-billion pound class action against some of the world’s biggest banks over alleged foreign exchange...
Mexican Banking Association Says There Was No Institutional Collusion
The Mexican banking association announced on Wednesday, January 27, that there had been no institutional collusion by banking institutions, only by some individuals, two...
Citi, Deutsche Bank, ANZ Go To Trial An Australian Cartel Case
Citigroup, Deutsche Bank, Australia and New Zealand Banking, and six of the firms’ former staff were committed to stand trial in Australia on Tuesday,...
Australia’s Watchdog Says “Exculpatory” Witness Statement Cut In Citi, Deutsche Cartel...
The ACCC stated Monday, July 20 that it deleted parts of a witness statement showing Citigroup and Deutsche Bank tried to follow the rules...
UK: FX trader sues Citi over “malicious” prosecution
According to a report from the Financial Times, a former Citigroup currencies trader is suing the bank for at least US$112 million, alleging that...
Switzerland: Regulator fines banks for fixing forex trading
Five banks have been fined a total of 90 million Swiss francs (US$90.9 million) for colluding to rig the foreign exchange market, Switzerland’s competition...
EU: Seven banks face EU antitrust fines for forex rigging: sources
Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion...
US: Deutsche Bank ends Libor suit for US$240M
Deutsche Bank has agreed to pay US$240 million to settle private US antitrust litigation accusing it of conspiring with other banks to manipulate the...
South Africa: Citigroup pays $5.4 million in rand-rigging probe
Citigroup agreed to pay a penalty of almost $5.4 million to settle a South African antitrust investigation that said the US bank participated in...
