Citigroup Faces Multiple Probes Over Currency Trades

wochit business
November 01, 2013 AT 9:58 AM
Citigroup, the U.S. bank with the biggest international business, said on Friday that U.S. government agencies and authorities from other jurisdictions are investigating its foreign-exchange trading. The bank has put its chief currency dealer in London on leave, it was reported earlier this week, in an action that mirrors developments at a number of banks based in Europe, as well as at JPMorgan Chase & Company, the biggest U.S. bank.