Citigroup Restates Q3 Results Amid Mounting Currency Probes – ValueWalk Premium
Citigroup

Citigroup Restates Q3 Results Amid Mounting Currency Probes

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.


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