MTS suspends Citigroup for controversial bond trades

Citigroup has been barred from trading on MTS Italy, part of the pan-European bond exchange, for one month from November 1 as a punishment for violating regulations when it carried out a series of controversial trades last year.

The decision came last night in an announcement from the Wise Men Committee, which was appointed to study whether Citigroup had breached Rome-based MTS' rules.

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