EU regulators fine five banks for forex rigging - CNBC
Citigroup Hit Hardest as EU Fines Banks $1.2 Billion Over FX
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Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission.
A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.
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Forex Fine Fractals Indicator: What does Forex Indicator mean? A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Pada tahun 2016 Finex menjadi salah satu broker terbaik di Indonesia dilihat dari volume transaksi dan mendapat penghargaan dari Jakarta Futures Exhange (JFX). Finex juga baru menerima penghargaan sebagai “The Best Forex Broker Indonesia 2016” dari Global Banking and Finance Review yang merupakan web portal finansial internasional. Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of $1.2 billion by EU regulators for rigging the forex market. The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced this Wednesday that it has issued an infringement notice to State Street Bank and Trust Company, for failing to report international funds transfers.. In particular, the government financial intelligence agency said today that it has issued an infringement notice against State Street for more than $1.24 million. Forex, or the foreign exchange market where investors and institutions trade currencies, is the biggest financial market in the world. Around $6.5 trillion trades each day on the forex markets ...
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