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EU fines banking giants €344 million over FX price fixing cartel - Vimarsana News

EU fines banking giants €344 million over FX price fixing cartel

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks.

EU fines HSBC, Credit Suisse, others over 'Sterling Lads' forex cartel - Vimarsana News

EU fines HSBC, Credit Suisse, others over 'Sterling Lads' forex cartel

HSBC's fine is the largest at 174.3 million euros, followed by Credit Suisse at 83.3 million, Barclays at 54.3 million, and RBS at 32.5 million