Banks fined for forex

Banks Fined for Manipulating Forex Market The article says it all.Six leading banks have been fined following an investigation into foreign exchange rate irregularities.

Six top banks fined $6bn for forex manipulation in US, UK - Newspaper ...

News- British banks HSBC and Royal Bank of Scotland (RBS), US peers Citigroup and JPMorgan Chase, and Swiss lender UBS have all been fined. -AFP Read more at AsiaOne.

JPMorgan, HSBC and Credit Agricole accused of euro rate-fixes - BBC ...

Five major banks, including Barclays and Royal Bank of Scotland, have been fined a record $5.7bn (£3.7bn) for rigging foreign exchange markets in the latest scandal...The biggest-ever penalties imposed by UK watchdogs have been handed out following an 18-month probe into market collusion.

Barclays share price: Bank fined $150m over electronic forex trading

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Britain and US fine five banks over forex rigging - Business Insider

Banks braced for heavy Forex fines: RBS, Barclays and HSBC expected to ...

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A recent Forex scandal has rocked high-finance and left five banks with hefty criminal fines.

Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on banks for rigging key foreign exchange markets.

Record fines for currency market fix. All the other banks were fined by both the Department of Justice and the Federal Reserve. Forex scandal: How to rig the.

Certain forex traders at the banks coordinated their dealings with traders at other.US and British regulators have slapped massive fines on six major global banks for rigging the foreign exchange market and Libor interest rates.Regulators in the United States and the United Kingdom each announced billion-dollar settlements with five major banks to resolve allegations of manipulation in the.

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The Libor scandal which came to light towards the end of the Global Financial Crisis, perhaps more than anything else, shows that elements of the financial world.British banks could be fined billions in coming months as investors pursue them for rigging foreign exchange (Forex) rates, following a landmark US settlement on Friday.

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Traders have known all along that the currencies are manipulated.The new fines are a second wave of punishments for fixing forex markets.