Google, Volkswagen partner on smartphone AI assistant
Firms including Amazon to buy $180 million in carbon credits from namesake rainforest
Spain raise GDP growth forecast to 2.4% in 2025, to 2.2% in 2026
Heavy rains lash the Cayman Islands as southeast US prepares for a major hurricane
Iran believes all remaining workers have died in coal mine explosion, raising death toll to 49
Floodwater reservoir becomes Poland's hero for preventing major flooding
Poland to mobilise up to $6 billion for flood relief, says PM
Man smashes Ai Weiwei sculpture at exhibition opening in Italy
NWSL champion Gotham FC becomes first team from league to go to White House, meets with President Biden
Philadelphia Phillies clinch first NL East title since 2011 with 6-2 win over Chicago Cubs
(Reuters) -Citigroup reached an agreement with the Bourse de Montreal to resolve allegations that it failed to report positions on options contracts exceeding a certain threshold, the exchange said on Thursday.
The bank failed to establish and maintain a system to supervise employees to comply with reporting rules, the exchange said, adding that Citi will pay a $138,000 fine and $10,600 for related costs as part of the settlement.
Last week, U.S. banking regulators fined Citigroup $136 million for making "insufficient progress" in fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts.
Citigroup declined to comment.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru, editing by Lananh Nguyen and Maju Samuel)
