Six banks to pay $4.33 billion in fines over allegations they manipulated foreign exchange rates - Smash the Man
Citibank, HSBC, JPMorgan Chase, RBS and UBS will collectively pay $1.4 billion to the U.S. Commodity Futures Trading Commission and about$1.75 billion to the U.K.'s Financial Conduct Authority. UBS will also make a payment in Switzerland. In addition, the U.S. Office of the Comptroller of the Currency said Bank of America, Citibank and JPMorgan Chase will pay a combined $950 in penalties.
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