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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission.
A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.
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The European Commission fines five banks a total of €1.07bn for forming cartels to rig currency trading. Homepage. ... Six banks fined £2.6bn by regulators over forex failings . Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of $1.2 billion by EU regulators for rigging the forex market. European Union authorities on Thursday fined five global banks a total of EUR1.07 billion ($1.2 billion) for manipulating the foreign-currency market by... Gain Capital Group, the largest retail FX broker in the United States, was ordered to pay a civil penalty of $300,000 to resolve CFTC’s allegations over its handling of customer accounts introduced by Illinois broker Mark Miller and his investment firm, Foremost Trading. According to the CFTC ... Forex scandal: Crooked banks' fines 'should go to charity,' says Acevo chief Head of volunteers' organisation says money from the rate-fixing scandal could fill the funding gap left by government cuts
Forex fixing scandal: Big banks fined $6 billion for ...
Five banks have been fined over €1 billion by the European Commission for their involvement in currency market cartels. They would share information about foreign exchange trades and coordinate ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. SASANFX1 is all about Trading in Forex system. –––––––––––––––––––––––––––––– ⭐ Free Download:: MY TOP 4 ... Originally published on 21 May, 2015 Sign up for a free trial of News Direct's animated news graphics at http://newsdirect.nma.com.tw/Reuters.aspx -----... WASHINGTON — After a 19-month long investigation, several global banks have agreed to pay penalties to the U.S. Justice Department and the Federal Reserve fo...