Citigroup Says U.S. Declines to Prosecute on Libor Rigging

Citigroup Inc. said the Justice Department declined to prosecute the bank after a probe into rigging of the London Interbank Offered Rate. Other U.S. and international authorities are still investigating.

The Justice Department advised the third-biggest U.S. bank by assets that it made the decision “based on the facts and circumstances as the Department of Justice currently understands them,” New York-based Citigroup said Monday in a regulatory filing. It “decided to decline prosecution with respect to Libor,” Citigroup said.