Citigroup Says State AGs Probe Benchmark Rates
This article is for subscribers only.
Citigroup Inc., ranked third by assets among U.S. banks, received inquiries from state attorneys general as part of an international probe into rigging of a key benchmark used to set loan rates.
In connection with investigations into “various interbank offered rates, certain Citigroup subsidiaries have received additional requests for information and documents from various U.S. and non-U.S. governmental agencies, including the offices of the New York and Connecticut Attorneys General,” the company said today in a quarterly filing.