European regulators slam FX banks with €1.1bn fines

Canary Wharf from Fotolia 230x150
By GlobalCapital
16 May 2019

The EU has fined five big banks about €1.1bn in total after it found that some of their currency traders were involved in a foreign exchange cartel.

Fines are being levied against Citigroup, Barclays, JP Morgan, RBS and MUFG over their traders’ participation in FX market collusion across 11 separate currencies, including the dollar, euro, pound, yen and Swiss franc.

European Commission antitrust regulators concluded that traders from the five ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.