Citi Hit with $79 Million Fine Over $189 Billion Trading Blunder
UK regulators have fined Citigroup a total of £62 million ($79 million) for failures in its trading systems that nearly led to a catastrophic $189 billion stock sell-off on European markets. The Financial Conduct Authority (FCA) imposed a fine of approximately £28 million ($36 million), while the Bank of England’s Prudential Regulation Authority (PRA) levied…
