New York

LATEST

Citigroup to pay $100m following state Libor probes

Skyscrapers - Wall Street

New York Attorney General Barbara D. Underwood announced Friday a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.

Bloomberg - MUFG moves compliance unit to New York

I Love New York

Mitsubishi UFJ Financial Group's main banking unit has shifted its global headquarters for financial crimes compliance to New York from Tokyo, as it steps up its drive to combat illegal transactions, according to people familiar with the matter.

HOT LIST

FEATURED

Skyscrapers - Wall Street

Citigroup to pay $100m following state Libor probes

New York Attorney General Barbara D. Underwood announced Friday a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.