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Citigroup fined $14 million in Germany for regulatory lapses
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Citigroup fined $14 million in Germany for regulatory lapses
Jun 20, 2024 3:40 AM

FRANKFURT, June 20 (Reuters) - Citigroup ( C/PN ) has been fined

nearly 13 million euros ($13.94 million) by Germany's bank

regulator for lapses in controls of its trading systems, the

largest fine imposed under the regulator's consumer protection

division.

The fine was announced by German regulator BaFin on Thursday

and linked to problems at Citigroup Global Markets Europe AG.

($1 = 0.9325 euros)

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