Basic Search  |  Summaries  |  Advanced SearchPenalty: £0
Year: 2023
Date: 24 May, 2023
Offence Group: Competition-related Offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Citi admitted their involvement in the alleged sharing of sensitive information by 5 major banks by traders who used private chatrooms to share pricing and trading strategies of UK government bonds. The bank admitted to involvement in anti-competitive activity and any fine determined at the end of the investigation would be reduced under the CMA's leniency policy.
Settlement Type: Settlement and Leniency agreement with CMA
Agency: Competition and Markets Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)