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C » Topics » Resolution of the U.K. Financial Services Authority (FSA) 2004 Eurozone Bond Trade

This excerpt taken from the C 10-Q filed Aug 4, 2005.

Resolution of the U.K. Financial Services Authority (FSA) 2004 Eurozone Bond Trade

        On June 28, 2005, Citigroup announced that it would pay $7.29 million to the U.K. FSA relating to trading activity in the European government bond and bond derivative markets on August 2, 2004. The Company also agreed to relinquish to the FSA approximately $18.2 million in profits generated by the trade.

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