Algos Please Ignore: Citi Slashes Previously Reported Net Income Due To “Legal Investigations” Over FX Rigging Probe

zerohedge.com / by Tyler Durden on 10/30/2014 16:22

UPDATE:

• *CITIGROUP SAYS DOJ, CFTC, OTHERS PROBING CITI’S FOREX BUSINESS
• *CITIGROUP SAYS IT’S FULLY COOPERATING WITH PROBES, INQUIRIES

From 10-Q: Foreign Exchange Matters

Regulatory Actions: Government and regulatory agencies in the U.S., including the Antitrust Division and the Criminal Division of the Department of Justice and the Commodity Futures Trading Commission, as well as agencies in other jurisdictions, including the U.K. Financial Conduct Authority and the Swiss Competition Commission, are conducting investigations or making inquiries regarding Citigroup’s foreign exchange business.

Citigroup is fully cooperating with these and related investigations and inquiries.

Nothing to see here move along:

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