Citi Fined £62 Million After UK Trader Triggered Flash Crash

Published on 22 May 2024 on Bloomberg via Yahoo Finance

Citi Fined £62 Million After UK Trader Triggered Flash Crash

(Bloomberg) -- Citigroup Inc. was fined £61.6 million ($79 million) by UK regulators for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022.

NYSE.C price evolution

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Citi Fined £62 Million After UK Trader Triggered Flash Crash

(Bloomberg) -- Citigroup Inc. was fined £61.6 million ($79 million) by UK regulators for failures...

Bloomberg via Yahoo Finance 22 May 2024