EU regulators fine five banks for forex rigging - CNBC
Big banks fined by EU for forex misconduct - MarketWatch
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, 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 ... Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on ... Citigroup, which is paying the top fine of EUR310.7 million, and Barclays declined to comment. An RBS spokesman said the fine is a reminder of how badly the bank "lost its way" in the past. 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. 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.
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