Regulators Fine Global Banks $3.4 Billion in Forex Probe
Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on […]
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