Citigroup Legal Costs Jump $600M as FX Probes Accelerate

The video discusses an investigation into City and other banks for currency market rigging, leading to financial restatements and increased legal expenses. It highlights the involvement of global regulators and the potential financial impact on banks, with a focus on legal provisions and historical context of similar incidents.

Which banks were mentioned as being involved in the investigations?

What was the reason for City to restate its financial results?