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Barclays, NatWest and HSBC fined €344mln over forex rigging cartel

Barclays, NatWest and HSBC fined €344mln over forex rigging cartel

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Barclays, Natwest Group PLC, HSBC PLC (LSE:HSBA) and Swiss bank Credit Suisse have been landed with fines totalling €344mln by European regulators for a foreign exchange rigging scam. UBS avoided a potential €94mln fine from the European Commission as it blew the whistle on the chatroom set up by foreign exchange traders at the banks.

...read full article on Proactive Investors

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