Citi forex scandal. Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on banks for rigging key foreign exchange markets.

Citi forex scandal

The Truth About Forex! (Scam)

Citi forex scandal. A five-word message to a rival banker was enough to cost former Citigroup Inc. trader David Madaras his job as the bank fought to appease regulators probing the foreign-exchange scandal engulfing the industry.

Citi forex scandal

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. Nihel Bensenane, who still works in foreign-exchange sales at Citigroup, is suing in a dispute over pay and sexual discrimination, the records state. Ktorza, and spokesmen for the New York-based banks declined to immediately comment on the filings.

Bensenane didn't immediately respond to a message via her LinkedIn page. Regulators started investigating how traders were colluding to manipulate benchmark currency rates and profit at clients' expense in June They targeted rates used to value trillions of dollars of investments worldwide and to determine the price some companies and fund managers pay to swap currencies.

Select All Remove News. Ktorza's hearing is scheduled for June 1 in London, while Bensenane's case is set for May The five best sparkling wines of Three cool summer food trends. Best books of The 10 best homeware designs of Robots are here but they want to help.

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