Tag Archives: EU fines five major banks 1bn euros for currency collusion

The EU’s powerful anti-trust authority on Thursday fined five major banks — including Barclays and Citigroup — more than a billion euros for collusion in the massive foreign exchange currency market. The European Commission sanctioned Barclays, the Royal Bank of Scotland, Citigroup, JPMorgan and Japan’s MUFG Bank a total of 1.07 billion euros ($1.2 billion) after finding that traders colluded …

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