Citigroup Restates Q3 Results Amid Mounting Currency ProbesMani
Citigroup Inc (NYSE:C) slashed its third-quarter earnings by $600 million due to ‘rapidly evolving regulatory inquiries and investigation’ over alleged manipulation of foreign exchange markets.
Other leading banks including JPMorgan Chase & Co. (NYSE:JPM) have enhanced legal reserves as well amid the foreign-exchange investigations.
Probe into forex business
Earlier . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.