Wednesday 12 November 2014

Banks fined record £2bn over foreign exchange rigging | Business | theguardian.com

Banks fined record £2bn over foreign exchange rigging | Business | theguardian.com:



"The corruption of the world’s biggest currency dealers has been laid bare with regulators imposing fines of £2bn on five major banks for rigging the £3.5tn a day foreign exchange markets.



Regulators said they had found for a “free for all culture” rife on their trading floors that has allowed the markets to be rigged for five years. 




The much-anticipated record settlement with US and UK regulators did not include Barclays, which remains in discussions with other regulators."



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