European authorities investigate Citigroup's 2022 flash crash incident due to a trader's error.
Citigroup reports that European authorities are investigating its 2022 flash crash incident, where a trader's error briefly impacted European stock markets. The New York-based bank cooperates with these investigations and inquiries, but has not provided further details on the inquiries or their prompting. The trader's mistake in inputting a transaction occurred on May 2, 2022, and Citigroup informed regulators and exchanges of the event at that time.
May 03, 2024
3 Articles