Chase, Citi , Barclays and Others Fined $1.2 Billion Over Forex Rigging

Barclays, Citi, Chase, 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. The currencies that were affected are the Euro, British Pound, Japanese Yen, Swiss Franc, US, Canadian, New Zealand and Australian Dollars,…

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