JPMorgan, UBS among five banks facing $1bn FX-rigging suit

2019-07-29 13:10

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 orders MTN, banks to refund $8bn in exported funds

2018-08-29 21:46

Nigeria says the money was illegally expatriated by the mobile-phone company over eight years through 2015.

Citigroup trader fired over 5-word message amid forex scandal

2017-05-09 18:49

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 working with SAA as Citigroup ends credit facility

2016-01-12 09:11

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 big banks face $5bn bill over FX rigging

2015-05-20 09:00

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, US, Swiss close in on forex settlement

2014-11-12 09:31

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 profits up as it exits bank markets

2014-10-14 17:52

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 to sell its Japanese retail arm

2014-08-20 08:29

Citigroup is eyeing the sale of its Japanese retail banking operations, more than a century after setting up shop in the Asian nation.

Britain's EU exit could spark banks exodus

2014-08-18 10:35

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 earnings plunge on legal costs

2014-07-14 15:16

Citigroup has reported a drop in second-quarter earnings due to a $3.8bn charge for a much-anticipated settlement of US litigation.


Citi, JPMorgan, UBS face Australia forex cartel class action

2019-05-27 09:41

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.

Competition Commission won’t take it easy on banks hoping to settle on forex cartel matter

2017-08-31 05:00

The Competition Commission says banks implicated in the forex cartel matter should not expect the same kind of settlements reached with other banks.

SA hires Citigroup for first dollar bond in two years

2016-04-06 18:00

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.

Expect interest rate hike next week - economist

2015-07-16 13:37

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.

Citigroup may plead guilty in forex rigging case

2015-05-12 17:30

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.

UK prepares forex fines for six banks -sources

2014-11-07 15:15

British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks.

US, Euro banks near deals on forex rigging

2014-10-08 08:48

Large American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market.

Citi mulls sale of Japan retail banking unit

2014-08-19 18:43

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 up

2014-07-15 11:28

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 may pay $7bn to resolve US probes

2014-07-09 10:05

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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