Citigroup Drawn into CFTC Probe, Investigating Global Rate-Swap Businesses
Posted: Sun Oct 30, 2016 3:58 pm
A new probe has been opened against Citigroup Inc., less than six months after reconciling allegations of derivatives market rigging – the latest investigation involves the US Commodity Futures Trading Commission (CFTC), relating in part to a 2015 antitrust lawsuit, per a Bloomberg report.
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Citigroup’s latest government probe emphasizes the group’s trading and clearing of interest-rate swaps business. The CFTC launched an investigation following a 2015 antitrust lawsuit that alleges many of the industry’s leading swap dealers had managed to effectively blocked fund managers from trading ... (read more)