C May 2024 57.000 call
- Reuters
Citi fined $79 million by UK regulators over trading and control failures
LONDON (Reuters) -Britain's banking and financial regulators said on Wednesday they had fined U.S. bank Citigroup more than 61.6 million pounds ($78.5 million) for failures in its trading systems and controls. The fine is one of the largest for controls breaches in the UK since the global financial crisis in 2008-2009. The Prudential Regulation Authority (PRA) said in a statement that problems at Citigroup Global Markets Limited (CGML) had "crystallised into trading incidents," including one in May 2022 when an "experienced trader incorrectly inputted an order" that led to $1.4 billion being executed on European exchanges by mistake.
- Barrons.com
Citi, Other Banks, Offer Sweet Deals: Preferred Stock at 7% Yields
The deals offer a nice premium relative to the 4.6% available on 30-year Treasury debt. Tax benefits add to the appeal.
- Zacks
Citigroup (C) Stock Sinks As Market Gains: What You Should Know
Citigroup (C) reachead $63.16 at the closing of the latest trading day, reflecting a -1.42% change compared to its last close.
