Citigroup is trading at $133.26 (-3.19%) now after its Mexican banking affiliate agreed to participate in an $86.4 million settlement concerning alleged manipulation of Mexican government bonds.
- The preliminary agreement involves six banks and remains subject to judicial approval.
- Citigroup’s affiliate and the other participating banks deny wrongdoing.
- Broader markets are modestly higher, making the company-linked legal overhang more relevant than overall market direction.