Four top EU/GSIB banks fined for manipulating foreign exchange market

Posted by Aktis Team on 6 June 2019

Barclays, Citigroup, JP Morgan and RBS Swiss competition authority Weko for manipulating currency prices. Another company among acccusations, Credit Suisse, did not agree to a settlement - denying the accusations. Regulators across the world have fined financial institutions for a total of more than $12 billion since investigations into the scandal began in 2013.

The Financial Times, Stephen Morris, June 6th 2019

Topics: News Watch, Europe, North America