FRANKFURT, June 20 (Reuters) – Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever.
It is related to a mishap in 2022 involving $1.4 billion in mistaken sell orders in equities, an event that riled markets and for which Citigroup was already fined 61.6 million pounds ($78.24 million) by British authorities in May.
Source: REUTER
