CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Citibank, N.A.; Citibank Japan Ltd; and Citigroup Global Markets Japan Inc. relating to abuses of the London Interbank Offered Rate (LIBOR) and the Euroen Tokyo Interbank Offered Rate (Euroyen TIBOR) benchmarks.