FINRA Slaps $475,000 Fine on CitiGroup Global Markets

The Financial Industry Regulatory Authority (FINRA) announced that it has fined CitiGroup Global Markets Inc. (CGMI) $475,000 for failing to disclose the potential conflict of interest in approximately 16,850...

Citi Launches Direct Custody and Clearing in Finland

In a push to expand the nordic operations, banking giant Citi has launched direct custody and clearing (DCC) services in Finland, thus becoming the first international bank to offer a pan-Nordic service. As ...

Citibank Backs Cobalt’s Forex Post-Trade Infrastructure

Cobalt plans on announcing further partnerships in the coming weeks. Cobalt, the foreign exchange (forex) post-trade infrastructure, has announced this Tuesday that Citibank is the latest market player to ...

Citi Suspends Initiative to Create Digital Currency

Citigroup has shelved its plans to introduce a blockchain-based token. A March 18 a Coindesk report revealed that Gulru Atak, Citi’s chief of innovation lab and global head of innovation for treasury and tra...

Citigroup to Launch New FX Trading Platform in Singapore

American banking giant Citigroup is going to be launching a new electronic currency trading and pricing platform in Singapore. The firm announced the news on Monday, and it will make Singapore the fourth cit...