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"Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate interest rate benchmarks. In announcing the settlement on Wednesday, the Commodities Futures Trading Commission said Citigroup affiliates also made false reports in connection with ISDAFIX benchmark rates and dollar Libor rates during the financial crisis to protect its reputation.", www.todayonline.com
"Read more about CORRECTED - Citigroup to pay $425 million over attempted interest rate manipulation on Business Standard. (Reuters) - Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate interest rate benchmarks.", www.business-standard.com
"For Citigroup, the rig is up. Michael Corbat’s bank paid a government regulator $425 million on Wednesday for rigging two crucial benchmark rates — in the latest in the wide-ranging manipulation probes that have drained more than $17 billion from Wall Street. The government released an e-mail from a trader that told of how simple it was to rig the index. It is “surprising[ly] easy to push! [I] think last week, [I] pushed it 3bps from 10:55 to 11:05 :)” the message read. Citi didn’t admit any criminal wrongdoing in the settlement. “The terms of this settlement are intended to reflect all aspects of Citibank’s response to the investigation, including the evolving nature of its cooperation,” Aitan Goelman, the Commodity Futures Trading Commission’s director of enforcement, said in a statement. Citi paid $250 million to the CFTC for rigging a rate called ISDAfix, which is used for interest rate swaps. In a separate", nypost.com
"Citigroup Inc has agreed to pay $425 million to resolve civil charges by the Commodities Futures Trading Commission it tried to manipulate foreign exchange and interest rate benchmarks, the latest settlement in ongoing international probes of global banks.", www.hindustantimes.com
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