Citigroup Global Markets

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Retail FX

Citigroup Fined €12.9M for Algorithmic Trading Violations in Germany

According to BaFin, Citigroup failed to maintain proper systems and risk controls.
It led to a market disruption caused by erroneously transmitted orders.

Thursday, 20/06/2024 | 09:38 GMT by Damian Chmiel

Retail FX

Citigroup Fined £61.6M over Algorithmic Trading Mistake Worth £1.4B

FCA and PRA have imposed a joint penalty on the giant.
The error caused short-term drop in several European indices and market disruption.

Wednesday, 22/05/2024 | 06:29 GMT by Damian Chmiel

Institutional FX

SFC Imposes 10-Year Ban on Citigroup Global Markets Asia's Ex-Officer

The SFC fined CGMAL $348.25 million in January 2022.
The regulator found that most of the violations were due to the actions of the company's former manager.

Monday, 06/03/2023 | 09:37 GMT by Damian Chmiel

Executives

Stuart Staley to Replace Itay Tuchman as Citi’s Global Head of Forex

Tuchman has spent over two decades at the corporation.
Staley, Head of Markets & Securities Services, APAC, has spent over 18 years at the firm.

Monday, 22/08/2022 | 16:14 GMT by Solomon Oladipupo

Institutional FX

Citigroup’s Brokerage Subsidiary to Pay £12.6M for Failure to Detect Market Abuse

Citigroup Global Markets breached Article 16(2) of MAR, FCA's Principles for Businesses.
The institutional brokerage firm has agreed to resolve the case, the FCA says.

Friday, 19/08/2022 | 14:15 GMT by Solomon Oladipupo

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