Regulators fine global banks $3.4 bln in forex probe | Business Information & News | Westlaw

Regulators fine global banks $3.4 bln in forex probe | Business Information & News | Westlaw

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11/12/14 REUTERS 13:01:32
REUTERS
Copyright © 2014 Thomson Reuters
November 12, 2014
Regulators fine global banks $3.4 bln in forex probe
Kirstin Ridley
Joshua Franklin
LONDON/ZURICH (Reuters) - Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
Royal Bank...
---- Index References ----
Company: HSBC HOLDINGS PLC; UBS AG; ROYAL BANK OF SCOTLAND GROUP PLC (THE); JPMORGAN CHASE AND CO; CITIGROUP INC
News Subject: (Economics & Trade (1EC26); Major Corporations (1MA93); World Organizations (1IN77); World Trade (1WO85); Group of Industrialized Nations (1GR50); G20 Industrialized Nations (1GR53); Regulatory Affairs (1RE51))
Industry: (Financial Services Regulatory (1FI03); Banking (1BA20); Financial Services (1FI37))
Region: (Western Europe (1WE41); Europe (1EU83); Central Europe (1CE50); Switzerland (1SW77))
Language: EN
Other Indexing: (Martin Wheatley; Mark Carney)
Keywords: banking; antitrust (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 831
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