Citigroup Said to Stop Submissions for Two Key Rates in Malaysia
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Citigroup Inc., the third-largest U.S. bank, stopped contributing to two benchmark rates set in Malaysia, two people with knowledge of the matter said.
The lender’s submissions for Malaysian ringgit interest rate swaps and the ringgit spot reference rate against the dollar were halted last week, said the people, who asked not to be identified as they aren’t authorized to speak publicly on the matter.