Ex-Citi Trader Rips Colleague's Forex Collusion Trial

Law360, New York (October 23, 2018, 9:40 PM EDT) -- A former Citigroup Inc. foreign exchange trader on Tuesday told jurors in the forex-rigging trial of traders for Barclays PLC, Citi and JPMorgan Chase & Co. that the case was “ludicrous," casting the allegedly collusive "cartel" chatroom evidence as benign.

A former foreign exchange trader for Citigroup testified for the defense in a forex rigging trial. Above, the bank's building in New York. (AP) Carly Hosler, a former forex trader on Citi’s spot desk, testified as the second defense witness to be called in the criminal antitrust trial of former Barclays trader Christopher Ashton, onetime Royal Bank of Scotland and JPMorgan...

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