Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks
CCiti(C) businessinsider.com·2024-05-22 23:41

A trading mistake at Citigroup in 2022 has led to a 78millionfineagainstthebank.The"fat−finger"tradecausedabriefflashcrashinEuropeanstocksinMay2022.Thebriefflashcrashcausedbythemistakentradebrieflywipedout78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022. The brief flash crash caused by the mistaken trade briefly wiped out 322 billion in market value. Insider Today Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ...