May
12

Citigroup One Guilty Plea From Being Allowed To Spend Several Billion Dollars To Make Rategate Go Away

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Back in November, Citigroup and all of the other bad kids in the back of the foreign-exchange rate-setting classroom (in other words, all of them) promised to mend their ways (and pay a collective $3.3 billion). A month later, Mike Corbat said that the$2.7 billion legal charge the bank took in the fourth quarter should more or less cover the whole ugly mess and allow him to “largely put those [issues] behind” him. Which may or may not be true, financially-speaking, once the small matter of Citipleading guilty to criminal charges is taken care of…

Citigroup One Guilty Plea From Being Allowed To Spend Several Billion Dollars To Make Rategate Go Away

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