Five of world's biggest banks fined £2BILLION over rigging foreign exchange markets - but no bankers have been prosecuted
Five of world's biggest banks fined £2BILLION over rigging foreign exchange markets - but no bankers have been prosecuted
- RBS, HSBC, JPMorgan Chase, UBS and Citibank fined in UK and U.S.
- Barclays will also be fined but they are still negotiating the punishment
- Bankers were rigging the £3.5trillion-a-day foreign exchange markets
- 30 traders have been sacked or suspended but none have been arrested
- Bankers colluded on forums to share information on clients to make cash
Five of the world's biggest banks have today been handed fines totalling more than £2billion for rigging the £3.5trillion-a-day foreign exchange market.
British, US and Swiss authorities all launched an onslaught after an 18-month investigation regulators today revealed the latest scandal to rock the industry.
State-owned Royal Bank of Scotland has been fined £217million ($344million) by the London-based Financial Conduct Authority (FCA) as well as £182million ($290million) by the US Commodity Futures Trading Commission (CFTC).
The others involved in the settlement are Citibank, HSBC, JPMorgan Chase and UBS, who will also pay hundreds of millions. Barclays said it continues to hold discussions with regulators.
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Less Prone Thanks for you comment Buddy! Dabbling in government kept secrets can cost you dearly. I…"
Sebastion Piñera and 5G
Sebastion Piñera “The start of the bidding process for the 5G network. Let’s listen to the threats…See More
Mike Benz: DARPA & USAID are Weaponizing Music to Control Human Behavior
Watch every episode ad-free & uncensored on Patreon: https://patreon.com/dannyjonesMike Benz is a former State Department official and current Executive Dire...
The Cartel
"In his 1995 book; Bloodlines of the illuminati, Frits Sringmaier listed the following 13…"
"This falls in the category of political assassination, a very shameful policy of eliminating people…"
"cheeki kea Thank you, just one thing. The Choctaw Indian who came to the rescue was a war veteran…"
"Well that is one fine story you've got going there Doc V. with a very interesting roll up. I…"
"Just another bizarre chapter in WWII that seems more suspect as paranormal."
Former President Trump?
When was this article written? It is attributed to Victor Davis Hanson. He is a Fellow at Hoover…See More
"It must be an unintended mistake "former". But that Trump demanded to keep Khan away is a…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network