Citi Says It Faces New Foreign Exchange Inquiries and 2 Other Hot Stocks to Watch
Citigroup Inc. (NYSE:C): Current price $48.66
Citigroup reported on Friday that its foreign exchange trading is indeed being looked into by United States government agencies and authorities from other jurisdictions. Already this week, the bank placed its chief currency dealer in London on leave in a move that reflects developments at several banks based in Europe, and at JPMorgan Chase & Co. (NYSE: JPM), the number one U.S. bank. The actions occur during investigations by regulators of possible manipulation of currency markets.