Citigroup Fined £61.6 Million by FCA Over 2022 Trading Blunder Case
22 May 2024
The Financial Conduct Authority (FCA) has fined brokerage Citigroup Global Markets Limited (CGML) approximately £61.6 million for a systems and controls failure dating back to 2022. This failure led to the erroneous sale of USD 1.4 billion of equities in European markets. On May 2, 2022, a Citigroup trader intended...
Read More
