HANDS SLAPPED: 5 Banks Get Hit with Fines for Currency Manipulation

Posted on 11/12/2014

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 […]