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JP Morgan, Citigroup Among Banks Fined $1.2B For Currency Rigging

Antitrust regulators in the European Union acted against many erring banks for alleged currency fraud that involved fixing of spot foreign exchange. The EU slapped a total fine of $1.2 billion on Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland.
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Citigroup Pays $12 Million To Settle Dark Pool Probe

Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.

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