- Bloomberg
The 15 Minutes on a Citi Trading Desk That Sparked a Flash Crash
(Bloomberg) -- For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeIt was a public holiday in the UK, so it should have been a quiet day in the markets. A little be
- CNN Business
Fat-finger trade? Citigroup fined for nearly dumping $189 billion of stocks by accident
UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets.
- Bloomberg
Citi Fined £62 Million After UK Trader Triggered Flash Crash
(Bloomberg) -- Citigroup Inc. was fined £61.6 million ($79 million) by UK regulators for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThe Wall Street
