Citigroup has confirmed that Germany's Federal Financial
Supervisory Authority (BaFin) has alleged that traders for the
firm have manipulated the EuroMTS bond futures market and has
referred the matter to Germany's state prosecutor.
In a statement, Citigroup told FO Week, "We are
disappointed that the BaFin has referred to the prosecutor the
question of whether action should be brought against
individuals involved in the MTS matter. We will continue to
cooperate fully with all authorities reviewing this
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