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