European, U.S. banks hit with $3.3bn fines in forex scandal

Allegedly attempted to manipulate foreign exchange markets

(ANSA) - Rome, November 12 - Banking authorities on Wednesday issued fines worth a total of about $3.3 billion against five major international banks after a probe into alleged manipulation of foreign exchange markets. HSBC, Royal Bank of Scotland, Swiss bank UBS, and US banks JP Morgan Chase and Citigroup have been fined by regulators on both sides of the Atlantic.
   

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