Skip to content
Subscriber Only

Citigroup Hit Hardest as EU Fines Banks $1.2 Billion Over FX

  • EU says traders colluded in online chats on trading strategies
  • RBS, JPMorgan, Barclays, MUFG also fined; UBS escapes penalty
Bloomberg business news
Citigroup was hit with the heaviest fine. Bloomberg’s Aoife White reports from Brussels.Source: Bloomberg
Updated on

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on foreign-exchange trading strategies.