Arizona nonprofits to get money from Citibank’s $100M settlement on interest rate probes

Citibank has agreed to a $100 million settlement with 42 states, including Arizona, following charges it manipulated interest rate benchmarks, according to Arizona Attorney General Mark Brnovich.

Arizona nonprofits that were affected will get about $2.75 million in restitution, Brnovich said.

The settlement follows allegations Citibank fraudulently and collusively manipulated LIBOR, a benchmark interest rate that affects financial instruments worth trillions of dollars and has widespread impact…

Previous South Florida-based bank to buy international deposits from New York bank
Next Here are 38 'private IPOs' that raised $100M-plus already this year in the Bay Area

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *