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People walk past a branch of Citibank in Beijing

Citigroup to pay $425 million over attempted interest rate manipulation

Reuters (Reuters) - Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate interest rate benchmarks. In announcing the settlement on Wednesday, the Commodities Futures Trading Commission said Citigroup affiliates also made false reports in connection with ISDAFIX benchmark rates and dollar Libor rates during the financial crisis to protect its reputati…