Two U.K. financial regulators fined a London-based Citigroup subsidiary a total of approximately 61.7 million pounds (U.S. $78.6 million) for control failures related to its trading system.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...