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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 . 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 ... 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. 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 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.
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... Análisis tomado del servicio de Analisis diaro de precios intradiarios, vea más en www.ien4x.com/analisis7pasos Video con fines meramente educativos, lea des... 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 ... Prueba tu estrategia de Binarias y forex los fines de semana ... este video les muestro como trealizar una prueba de estrategia cuando el mercado esta cerrado asi pueden prepararse los fines de ... 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 -----...