Citi secures win in appeal case regarding $500M payment error
This case raises the question whether the recipients of an accidental Citi payment of $500 million must return the payment.
Citi
Citi to seek summary judgment in lawsuit brought by former FX trader
Citi intends to move for summary judgment dismissing the complaint brought by former FX trader Rohan Ramchandani.
FCA imposes £12.6M fine on Citigroup Global Markets
The FCA imposed £12.6 million fine on Citigroup Global Markets Limited for failures relating to the detection of market abuse.
Major banks face amended complaint over LIBOR manipulation
Major banks face another complaint accusing them of collusion to manipulate the London InterBank Offered Rate (LIBOR).
Citi registers 20% rise in Institutional Clients Group revenues in Q2 2022
Citi reports ICG revenues of $11.4 billion, up 20% from a year earlier, driven by Services and Markets.
Major banks seek summary judgment in FX benchmark rate fixing lawsuit
HSBC, Barclays, JPMorgan Chase, NatWest Markets, UBS, BofA, and Citi push for summary judgment in their favor.
LiquidX announces strategic investment by Citi
The funding round was led by Broadridge, LiquidX’s largest strategic investor.
Citi’s Institutional Clients Group reports slight drop in Markets revenues in Q1 2022
Citi’s Institutional Clients Group reported Markets revenues of $5.8 billion, down 2% versus a strong quarter in the prior year.
Former FX trader wants Citi to comply with document discovery obligations
Former Citi Forex trader Rohan Ramchandani pushes for an order compelling Citi to comply with its document discovery obligations.
Citi slams former FX trader for manufacturing discovery disputes
In a letter filed with the Court on March 18, 2022, Citi says that the former Forex trader is belatedly manufacturing discovery disputes.
