Citigroup Latest To Reveal Cooperation In Forex Probes

Law360, Washington (November 1, 2013, 2:03 PM EDT) -- Citigroup Inc. on Friday became the latest major bank to disclose that it is cooperating with regulators investigating their foreign exchange trading practices, amid growing international scrutiny of the financial sector's alleged manipulation of the foreign exchange markets.

In its quarterly update Citigroup revealed that "government agencies in the U.S. and other jurisdictions are conducting investigations or making inquiries regarding trading on the foreign exchange markets."

"Citigroup has received requests for information and is cooperating with the investigations and inquiries and responding to the requests," the...
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