The Phaserl


Citi’s London Office Visited By Fed, Treasury Investigators

from ZeroHedge:

Either the Fed and the OCC are unaware of this thing called “computers” which allows them to find out what a bank’s trading desk somewhere, anywhere in the world has done at any point in the past 30 or so years, or they really felt the need to stretch their legs around London’s Canary Wharf, or they heard very good news about Citi’s seafood buffet at its London HQ, but whatever the reason Reuters reports that “the U.S. Federal Reserve and Office of the Comptroller of the Currency have sent investigators to Citigroup’s London headquarters as part of an international investigation into alleged manipulation of the global currency market, a source familiar with the matter told Reuters on Wednesday.”

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1 comment to Citi’s London Office Visited By Fed, Treasury Investigators

  • B.M.

    No doubt the coyotes (Fed & U.S. Treasury) will get to the bottom of just how many chickens (billions of dollars) the foxes (Citi) stole. I’m sure it will all result in Citi paying a big fine (chump change bribe pay off) to the regulators for their misdeeds and never sinning again.

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