C Jun 2024 50.000 put
- Bloomberg
Citi Fined £62 Million After UK Trader Triggered Flash Crash
(Bloomberg) -- Citigroup Inc. was fined £61.6 million ($79 million) by UK regulators for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThese Flight Routes Suffer the World’s Worst TurbulenceThe Wall Street
- Reuters
Citi fined $79 million by UK regulators over trading and control failures
UK regulators hit Citigroup with a $79 million fine over trading and control failures that saw one trader mistakenly sell $1.4 billion of shares.
- 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.
