Five banks have been fined a total of €1.07bn (£935m) by the European Commission for forming illegal cartels to rig the foreign exchange market.
Four banks in the "Banana Split" cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.
Another three banks in the "Essex Express" cartel - Barclays, RBS and MUFG - were fined €258m.
A sixth bank, UBS, was excused financial penalties for revealing the cartels' existence.
The European Commission said the market-rigging took place from 2007 to 2013.
Competition Commissioner Margrethe Vestager said the banks' behaviour "undermined the integrity of the sector at the expense of the European economy and consumers".
https://www.bbc.com/news/business-48292946
2019-05-16 10:17:00Z
CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy00ODI5Mjk0NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9hbXAvYnVzaW5lc3MtNDgyOTI5NDY
Tidak ada komentar:
Posting Komentar