Tuesday 21 May 2019
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thenationonlineng - 5 days ago

EU fines 5 banks $1.2bn for foreign exchange rigging

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion Euros (1.2 billion dollars) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. The financial industry has been hit with billions of Euros in fines worldwide over the last decade for the rigging of [ ]


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