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Switzerland, US, UK regulators fine 5 banks US$3.3b over forex rigging

Thursday, November 13, 2014 - 05:50

London

REGULATORS in the US, Britain and Switzerland ordered five banks to pay about US$3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign exchange benchmarks last year.

Switzerland's UBS AG was ordered to pay the most