U.S. bank Citigroup has been fined more than 61.6 million pounds ($78.5 million) for failures in its trading systems and controls in the United Kingdom,.
UK regulators fined Citigroup £61.6 million for significant trading control failings, marking one of the largest sanctions for such breaches. The issue included a mistaken $444 billion order that caused a significant market impact. Citigroup has committed to strengthening its systems to ensure full regulatory compliance.
Citi fined $79m by UK regulators over fat-finger failures bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Investment bank fined £61 6m for $444billion express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.