After huge settlements, banks face higher-stake phase of forex probes
US Justice Department may bring its first criminal charges against banks early next year: sources
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE US$4.3 billion in civil settlements struck between six global banks and US and UK authorities over foreign-exchange market manipulation have set the stage for negotiations over related ongoing probes that could bear much more severe consequences.
Citigroup, UBS, HSBC, Royal Bank of Scotland, JPMorgan Chase & Co and Bank of America agreed to make the payment to settle civil claims they failed to stop traders from trying to rig the foreign-exchange market.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
