Tag: FX
EU Fines HSBC, Credit Suisse & Others Over FX Cartel
EU antitrust regulators on Thursday fined Barclays, Credit Suisse, HSBC and NatWest 344 million euros ($390 million) for foreign exchange market rigging, reported Reuters.
UBS...
US: 5 more banks settle forex claims
On July 28 in the US District Court in Manhattan, preliminary settlements were filed as Morgan Stanley, Royal Bank of Canada, Societe Generale, Standard...
UK: FCA chief sets deadline for LIBOR replacement
The chief executive of the UK's Financial Conduct Authority, Andrew Bailey, spoke on Thursday at an event in London saying that the currency exchange...
World: ECB, Fed, Reserve Bank of Australia push FX code of...
The Federal Reserve, the Reserve Bank of Australia and the European Central Bank (ECB) have all put pressure on currency-trading banks to adopt a...
US: JPMorgan and Deutsche Bank settle LIBOR allegations
On July 21, JPMorgan Chase & Co and Deutsche Bank AG agreed to pay US$71 million and US$77 million respectively to end private litigation...
US: Ex-Rabobank traders’ convictions overturned
The 2nd Circuit Court of Appeals in New York overturned on July 18, the convictions of two former Rabobank traders in the first US...
US: London FX traders enter not guilty plea
Three former London-based traders pleaded not guilty on Monday to US charges they conspired to rig prices in the roughly US$5 trillion foreign exchange...
US: BNP Paribas fined US$246m
The Federal Reserve announced on Monday that it was fining BNP Paribas US$246 million for “unsafe and unsound” practices in its foreign exchange markets.
The...
US: Judge dismisses most of Euribor-rigging lawsuit
A US judge on Tuesday dismissed most of an investor lawsuit accusing several major banks of conspiring to manipulate the benchmark European Interbank Offered...
South Africa: Barclays Africa granted immunity in FX rigging probe
South Africa's Competition Commission has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency trading probe,...
