Violation Tracker Individual Record

Company: 
Citigroup
Current Parent Company: 
Citigroup
Penalty: 
$175,000,000
Year: 
2016
Date: 
May 25, 2016
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

The Commodity Futures Trading Commission settled allegations against Citibank, N.A., Citibank Japan Ltd. and Citigroup Global Markets Japan Inc. relating to abuses of the London Interbank Offered Rate (LIBOR) and the Euroyen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.