Citigroup, JPMorgan Pay Most in $4.3 Billion FX Rig Cases
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Citigroup Inc. and JPMorgan Chase & Co. were the hardest hit in the first settlements since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
Citigroup will pay $1.02 billion to three regulators in the U.S. and U.K., and JPMorgan $6 million less, according to statements from the firms today. They are among six firms that will pay $4.3 billion to four regulators ranging from the U.S. to Switzerland’s Financial Market Supervisory Authority.