CFTC Fines Citi, Affiliates for $175M for Yen LIBOR Manipulation

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5082
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

CFTC Fines Citi, Affiliates for $175M for Yen LIBOR Manipulation

Postby kreslik.news » Tue May 24, 2016 1:22 pm


The US Commodity Futures Trading Commission (CFTC) has issued its latest order against multiple entities, settling charges with Citibank affiliates for its abuses of the London Interbank Offered Rate (LIBOR) as well as the Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks – the joint settlement was reached at $175 million, according to a CFTC statement.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Citibank was under fire by the CFTC following earlier allegations and eventual charges that focused on the manipulation of LIBOR and Euroyen TIBOR rates. ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”