Citi Draws $250M Fine For Charges Surrounding USD ISDAFIX

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Citi Draws $250M Fine For Charges Surrounding USD ISDAFIX

Postby » Tue May 24, 2016 2:07 pm

The U.S. Commodity Futures Trading Commission (CFTC) has issued another order against Citibank today, extending its list of fines to the lender after manipulation charges concerning the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), citing a recent CFTC manifest.

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The CFTC fine against Citibank is the second one issued today, which found that Citi and its Japanese affiliates were responsible for Yen LIBOR manipulation and false reporting that helped benefit traders during the financial crisis. ... (read more)

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