Citibank escapes lawsuit claiming it marked up forex transactions

Citibank has escaped a lawsuit over its having allegedly covertly scored over $20m by illegally marking up the forex spot orders of two foreign exchange traders from Mexico without their consent. A US District Judge said the traders failed to supply a single concrete example supporting their allegations.

By Martin O'Sullivan (May 20, 2016, 4:56 PM EDT) -- A New York federal judge on Thursday tossed a suit claiming Citibank covertly scored over $20 million by illegally marking up the forex spot orders of two foreign exchange traders from Mexico without their knowledge or consent, saying the traders failed to supply a single concrete example supporting their allegations....

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