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Washington State News: Washington State AG, Citibank to Pay States $100M Over Interest Rate Manipulation

Washington State News: Washington State AG, Citibank to Pay States $100M Over Interest Rate Manipulation

Affected Washington entities eligible for restitution

OLYMPIA, WA — Washington Attorney General Bob Ferguson today announced that Citibank, a Wall Street financial institution, will pay a total of $100 million to 42 states for manipulating a key interest rate before and during the Great Recession, costing investors millions of dollars.

These manipulations may have led investors to make riskier investments than they realized, or impacted the profits from or costs of various investments throughout the financial system.

Continue reading Washington State News: Washington State AG, Citibank to Pay States $100M Over Interest Rate Manipulation at STL.News.



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Washington State News: Washington State AG, Citibank to Pay States $100M Over Interest Rate Manipulation

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