Citigroup to Pay $425 Million to End CFTC Benchmark Probes

  • Bank accused of attempting to manipulate ISDAfix swap rates
  • Accord also resolves allegations over rigging of Libor

Citigroup Inc. will pay $425 million to resolve U.S. Commodity Futures Trading Commission claims that the bank attempted to manipulate global benchmarks for interest-rate products multiple times from 2007 to 2012.

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