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Citi says CFTC investigating banks’ interest-rate swaps

US bank says it is cooperating with CFTC investigation into swaps trading and clearing

Citi says CFTC investigating banks’ interest-rate swaps

Citigroup said on October 31 that it is cooperating with an industry-wide investigation of interest-rate swaps.

The bank said in a quarterly securities filing that the Commodity Futures Trading Commission is investigating "the trading and clearing of interest-rate swaps by investment banks".

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