The size of the fines the bank paid to regulators because of Forex rigging equal more than 2,000 times the revenues it generated from market manipulation, estimates Citi's Jamie Forese.
Read moreAs the Forex rigging settlements around major publicly traded banks have started to clear up, many prognosticators have evaluated the potential impact of the stock prices of these banks. Trefis, an online financial community structured around trends, forecasts and insights put together a table showing the different bank fines from the various government regulators and financial watchdogs.…
Read moreCEO Antony Jenkins stated Wednesday, "Banks didn't have strong enough compliance departments. We've moved to strengthen ours. As I've always said, changing culture takes time. We're making progress - the industry has come a long way on both topics but we have work to do."
Read more