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KM Financial Solutions | UPDATE 1-Citigroup to pay $100 million to settle U.S. Libor rigging probe
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UPDATE 1-Citigroup to pay $100 million to settle U.S. Libor rigging probe

14 Jun UPDATE 1-Citigroup to pay $100 million to settle U.S. Libor rigging probe

Posted at 17:01h in News by
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NEW YORK, June 15 (Reuters) – Citigroup Inc agreed to
pay $100 million to settle charges by most U.S. states that it
defrauded government and nonprofit entities by manipulating
Libor, an interest rate benchmark that underlies a wide range of
consumer transactions.

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