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.
- » The New European Parliament with Second Session in Strasbourg
- » The United States Launches an Operation against Illegal Immigrants
- » The EU Council Examines the Proposals for Measures in Response to the Turkish Drilling near Cyprus
- » New York Was Left without Electricity due to a "Major Power Outage"
- » The Guardian: Facebook Will Be Fined $5 Billion for Privacy Violations
- » US Urges Turkey to Stop Drilling Near Cyprus