You are here

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

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

Market voices on:

Powered by GET.comGetCom