UK, US and Swiss authorities have fined five banks more than £2BN over
failings that led to manipulation of the foreign exchange markets.
For good measure The Bank of England dismissed its chief currencies dealer following
an investigation, for "breaching internal policies".
As per the Telegraph:
Total Fines
Financial Conduct Authority
• Citibank: £225,575,000
• HSBC: £216,363,000
• JPMorgan: £222,166,000
• RBS: £217,000,000
• UBS: £233,814,000
Commodities and Futures Trading Commission
• Citibank: $310m
• JPMorgan: $310m
• RBS: $290m
• UBS: $290m
• HSBC: $275m
Finma
• UBS: 134m Swiss francs
Well done lads, you are a "credit" to the "profession"!
In case anyone is wondering why Barclays isn't mentioned, it is still being investigated.
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