Citigroup could enter guilty plea over FX rigging allegations

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Citigroup said it may plead guilty amid a US Department of Justice probe into its foreign exchange business.

'A resolution with the Department of Justice could include a guilty plea on an antitrust charge', it said.

BBC News reports that the bank also said in a statement the regulator will not prosecute the bank relating to its Libor dealings.

Citigroup is among six large banks being probed by global authorities for allegedly trying to manipulate exchange rates in currency markets.

The bank also reported it was being sued by Argentina and that some employees could face criminal charges there as the country does legal battle with US hedge funds.

To access the complete BBC News article hit the link below:

Citigroup 'may plead guilty' over foreign exchange probe

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