Straits Times Index
3,307.90 -6.15 (-0.19%) Nikkei
38,617.10 -329.83 (-0.85%) Hang Seng
19,195.60 -25.02 (-0.13%) FTSE 100
8,368.91 -47.54 (-0.56%) Bitcoin USD
69,991.02 -1,223.80 (-1.72%) CMC Crypto 200
1,508.15 -18.27 (-1.19%)
C Mar 2025 60.000 call
| Previous close | 8.80 |
| Open | 8.80 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 60.00 |
| Expiry date | 2025-03-21 |
| Day's range | 8.80 - 8.80 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.74k |
CNN BusinessFat-finger trade? Citigroup fined for nearly dumping $189 billion of stocks by accident
UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets.
ReutersCiti fined $79 million by UK regulators over 'fat-finger' failures
LONDON (Reuters) -UK regulators fined Citigroup 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm cause a sudden fall in European stocks. The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), the markets watchdog, both probed and fined Citigroup over the failings that spanned from April 2018 through May 2022, they said in a statement on Wednesday outlining the findings of the investigation. The bank's London unit, Citigroup Global Markets Limited (CGML), had a series of failings that "crystallised into trading incidents", the most striking of which was a mistaken $444 billion order in May 2022.
Barrons.comCiti, Other Banks, Offer Sweet Deals: Preferred Stock at 7% Yields
The deals offer a nice premium relative to the 4.6% available on 30-year Treasury debt. Tax benefits add to the appeal.
