HANDS SLAPPED: 5 Banks Get Hit with Fines for Currency Manipulation
In a major crackdown, five major banks (UBS, RBS, HSBC, Citigroup and JPMorgan) have got hit with fines from various financial regulators. With regard to the UK’s Financial Conduct Authority (FCA), this is the largest set of charges ever levied by UK financial regulators.
In total, US$ 3.4 billion in fines were levied by the three regulators: FCA, CFTC and FINMA.
|Fined Banks||FCA Fines – Million USD||CFTC Fines – Million USD||FINMA Fines – Million USD||Total – Millions USD|
|The Royal Bank of Scotland Plc||344||290||634|
|JPMorgan Chase Bank N.A.||352||310||662|
|HSBC Bank Plc||343||275||618|
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