"Discussions with DoJ have continued and are at an advanced stage, although no agreement has been reached ... on the form of a resolution," Zurich-based UBS said on Tuesday.
Read moreThe Wall Street Journal's Christina Rexrode broke the news yesterday that Bank of America will pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating Forex rates. The bank’s decision to agree to settle comes after rivals J.P. Morgan Chase & Co. and UBS AG had agreed…
Read moreAmidst officially setting aside over $1b in funds for alleged FX manipulation charge today, Barclay's has closed out it's short euro trade as EUR/USD reclaims 1.10.
Read moreSwitzerland's UBS has agreed to pay $135 million to settle a class action lawsuit by institutional investors for FX rate manipulation, revising its profit downwards, but announcing an increase in its CEO's remuneration package in its recently released annual report
Read moreCredit Suisse, Societe Generale, Goldman Sachs and BNP Paribas are the subject of subpoenas issued by New York State Financial Services Superintendent Benjamin Lawsky, focused on investigating the technology used in their FX trading operations
Read moreThe conclusion by global regulators in November last year which resulted in six banks paying $4.3 billion in fines for their part in FX benchmark manipulation has not ended the banks' woes as regulatory authorities in the US and UK are now investigating major financial institutions for rigging emerging market currencies
Read moreHSBC has today released its annual report, which shows a further $550 million having been set aside for potential settlement of further penalties relating to FX benchmark manipulation, the report stating that investigations between the UK, US and other jurisdictions are ongoing
Read moreLarge banks which were fined by global regulators for FX rate manipulation have deducted a proportion of the cost of the fines from bonus pools, resulting in curtailed remuneration for many executives
Read moreAs the corporate and legal investigations into trader activity commence following the regulatory censuring of six banks for FX benchmark manipulation, energy giant BP begins probing its FX trading desk for evidence of collaboration with rate fixers
Read moreFollowing the recent cases in which firms have been censured for LIBOR and FX rate manipulation, the FCA is seeking industry perspective with regard to regulating 7 more benchmarks including WM/Reuters (WMR) London 4pm Closing Spot Rate
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