The European Commission Fined 5 Large Banks For Exchange Rates Bargaining
The 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.
- » SYRIAN CRISIS: The Kurds Have Struck a Deal with Damascus
- » Turkey Rejects EU Decisions Regarding the Operation in Syria
- » Typhoon Hagibis Death Toll Rises to 56
- » UK to End Free Movement of EU Citizens in 2021
- » Boris Johnson: London Does not Support Turkish Operation in Syria
- » Handelsblatt: Merkel Will Allow Huawei to Supply Components for the Entire German 5G Network