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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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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... 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 . 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 Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on ...
Forex fixing scandal: banks fined $6 billion for rigging ...
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