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Citi To Pay $5.3M To Settle S. Africa Forex Antitrust Case

By Kat Greene (February 21, 2017, 8:28 PM EST) -- Citibank will pay about $5.3 million to settle with South Africa's Competition Commission after it was accused of colluding with 15 other banks to rig prices in currency trading involving the rand and U.S. dollar as part of the so-called foreign exchange trading cartel, the commission said Tuesday....

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