The European Central Bank ejected Citigroup Inc. from its foreign-exchange market liaison group after the U.S. bank was fined for rigging the ECB’s own currency benchmark, two people with knowledge of the move said.
The ECB removed Citigroup from the panel, which advises the central bank on market trends, after regulators fined the lender $1 billion for rigging currency benchmarks including the ECB’s 1:15 p.m. fix, said the people, who asked not to be identified because the decision hasn’t been made public.
