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Citigroup units to pay $180m to settle hedge fund charges

Sec Building

The Securities and Exchange Commission has announced that two Citigroup affiliates have agreed to pay nearly $180m to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors.



Courtroom Gavel

Ex-Barclays trader freaked out

An ex-Barclays trader on trial for conspiring to rig Libor said he was "freaked out" by an internal interview in 2009 despite reassurances from his bosses that there was nothing wrong with influencing the rates submitted by colleagues.