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Citigroup's main bank unit seen as target for plea in forex case

Authorities want pleas from more important entities while companies prefer smaller units
Saturday, April 4, 2015 - 05:50
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PENDING SETTLEMENT: A guilty plea by its main banking unit might threaten Citigroup's ability to operate certain types of businesses through that subsidiary, which accounted for more than 70% of the firm's revenue last year.

New York

The US Department of Justice is pressing for Citigroup Inc's main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter.

Citigroup has countered with an offer that the plea come from a

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