Citigroup Faces Multiple Probes Over Currency Trades
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.
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