The bill over FX market manipulation keeps growing for big investment giants, with three of the UK's biggest banks - Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), and Royal Bank of Scotland Group plc (LON:RBS), agreeing on Thursday to pay a total compensation of £600 million ($924 million) to victims of Forex manipulation in the…
Read moreThe former Citigroup employee is set to challenge his dismissal at a London court today.
Read moreThe financial services giant has reached a settlement with DoJ and the Fed, along with an agreement to settle a private class action in the US.
Read moreThe DOJ, however, terminated the 2012 non-prosecution agreement with the bank, which will lead to UBS paying a $203 million fine for LIBOR manipulation.
Read moreBloomberg is reporting today that prosecutors from the United States are pressing to bring charges against a bank for Forex rate rigging by the end of this year, and actions against individuals will probably follow in 2015, this is according to people familiar with the probe, no one cited by Bloomberg as the story is…
Read moreThe terms proposed in the talks included findings that UBS did not have adequate controls over its FX business plus the bank could face "material monetary penalties" in any deal struck with authorities
Read moreIndependent financial industry research consultancy Autonomous Research points to potentially astronomical fines leveled at banks for FX rate rigging
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