Major Bank Triggered Market Fall – Fined by the Stock Exchange

On a May day in 2022, the major bank Citigroup triggered a larger stock market fall in both Sweden and Denmark and Finland.

The owner of the Stockholm Stock Exchange, Nasdaq, is now fining the bank with six million kronor for inadequate controls in its trading, according to a press release.

The incident concerned a single trader executing incorrect orders totaling 189 billion kronor.