The European Commission Fined 5 Large Banks For Exchange Rates Bargaining
World | May 16, 2019, Thursday // 13:46| viewsThe European Union's (EU) antitrust watchdoghas imposed a fine on five major banks for collusion on the huge foreign exchange market - including Barclays and Citigroup.
The European Commission fined Barclays, the Royal Bank of Scotland, Citigroup, JPMorgan and Japan's MUFG, for a total of 1.07 billion euros, after finding that they agreed to fix exchange rates through chat rooms, a statement said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Back