Regulators slap £3.6bn on six banks for rigging FX rates

Stephanie Baxter
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UK and US watchdogs have fined six global banks more than $5.6bn (£3.6bn) after four of them admitted manipulated foreign exchange (FX) markets.

The penalties have been issued against Barclays, Citigroup, JPMorgan Chase, Royal Bank of Scotland, Bank of America and UBS, bringing the regulatory investigations to a close. Barclays received ...

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