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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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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 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 . Gold / Forex. Education. ... Dh250,000: Fines for Abu Dhabi private schools not following COVID-19 protocol. Several grade 9 to 12 pupils due to sit for international exams have returned to schools. ED fines Standard Chartered record Rs 100 cr for breaking forex rules in Tamilnad bank deal An eight-year probe found that Standard Chartered violated the forex law when it worked with a group of investors to buy a stake in Tamilnad Mercantile Bank in 2007. 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...
€1 Billion Fines for Foreign Exchange Cartels Explained in 3 Mins
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 ... 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... 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 -----... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Análisis tomado del servicio de Analisis diaro de precios intradiarios, vea más en www.ien4x.com/analisis7pasos Video con fines meramente educativos, lea des...