Under the DOJ resolution, JPMorgan Chase & Co. will plead guilty to a single antitrust violation and pay a fine of $550 million. Under the resolution with the Fed, the Firm will pay a fine of $342 million and has agreed to the entry of a Consent Order. The Firm has previously reserved for these settlements
Read moreLaw enforcement agencies in Britain are beginning to arrest individual traders who were employed by banks involved in the FX rate manipulation, with British government officials and city veterans calling for more arrests and criminal prosecutions
Read moreNew York State Superintendent of Financial Services Benjamin Lawsky may have uncovered evidence that Barclays and Deutsche Bank used automated systems to manipulate FX rates
Read moreA memorandum has been circulated to RBS staff asking them to commit spare time to extra-curricular activities such as minor repairs, maintenance and cleaning - could the financial giant be feeling the pinch post-FX manipulation fine?
Read moreFollowing the lengthy investigation into FX rate fixing which drew to a close yesterday, a series of chat room and instant messenger conversations between bank FX traders have been revealed, clearly demonstrating evidence of rate manipulation, with colorful language to boot
Read moreIn the largest ever fiscal penalty for improper conduct ever administered by British regulatory authorities, five global banks which operate from London have been found liable following a 13 month investigation regarding FX benchmark manipulation
Read moreSwiss authorities have concluded that UBS acted improperly with regard to FX rate manipulation, ordering disgorgement of profits gained from fixing FX rates, as well as ordering UBS to automate its FX trading, removing the possibilities of human intervention and unlawful conduct
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