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Violation Tracker Individual Record

Company: Citibank N.A.
Current Parent Company: Citigroup
Penalty: $33,400,000
Year: 2020
Date: September 17, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-Scandal: Benchmark Manipulation
Violation Description: Citibank agreed to pay $33.4 million to futures traders in a case involving manipulation of the LIBOR interest rate benchmark.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:11md2262
Case Name: In Re: LIBOR-Based Financial Instruments Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.