Five banks fined $3.3 billion for forex manipulation
Richard L. Cassin
November 12, 2014
Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks.
The U.S. Commodity Futures Trading Commission, Britain’s Financial Conduct Authority, and the Swiss Financial Market Supervisory Authority fined Switzerland’s UBS AG $800 million.… Continue Reading