The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, a total of €1.07bn in May.
Nigeria says the money was illegally expatriated by the mobile-phone company over eight years through 2015.
A five-word message to a rival banker has been enough to cost a former Citigroup trader his job as the bank fought to appease regulators probing the foreign-exchange scandal.
Treasury says it is working with SAA to ensure the company has enough liquidity to continue operating after Citigroup cancelled a short-term credit facility.
Five of the world's biggest banks are expected to be hit with a combined bill of more than $5bn and criminal charges in a settlement with US and British authorities.
UK and US regulators are poised to levy hefty fines on leading banks in a landmark
settlement after a year-long global investigation into allegations of collusion.
Citigroup has reported higher third-quarter quarterly earnings on a big jump in revenues as it unveiled plans to exit consumer banking in 11 markets.
Citigroup is eyeing the sale of its Japanese retail banking operations, more than a century after setting up shop in the Asian nation.
Some Wall Street banks are drawing up preliminary plans, including moving some London-based operations to Ireland, to deal with Britain's possible EU exit.
Citigroup has reported a drop in second-quarter earnings due to a $3.8bn charge for a much-anticipated settlement of US litigation.
Citigroup, the Royal Bank of Scotland Group and JPMorgan Chase & Co. are among five banks named in a class action lawsuit in Australia seeking damages for colluding on foreign-exchange trading strategies.
The Competition Commission says banks implicated in the forex cartel matter should not expect the same kind of settlements reached with other banks.
South Africa may tap international capital markets for the first time in almost two years to finance a widening budget deficit after a bond rally reduced borrowing costs.
The SA Reserve Bank will probably raise interest rates by 25 basis points next week and again in September, according to an economist at Citigroup.
US banking giant Citigroup says it may plead guilty to an antitrust violation as part of a settlement of charges it helped rig the massive foreign exchange market.
British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks.
Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market.
Citigroup is considering the sale of its retail-banking business in Japan, the Wall Street Journal reports, citing people familiar with the matter.
Asian shares mostly rose, taking their lead from Wall Street, while investors await a string of market-moving news and data in a few days.
Citigroup is close to paying about $7bn to resolve a US probe into whether it defrauded investors on billions of dollars worth of mortgage securities.
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