11/12/2014

Banks to agree forex settlements

Regulators plan to announce a series of settlements, starting at 5pm (AEDT), with total penalties against seven banks likely far exceeding $US2 billion ($2.26bn), according to people familiar with the discussions.

11/12/2014

FCA fines five banks £1.1 billion for FX failings

The G10 spot FX market is a systemically important financial market. At the heart of today’s action is our finding that the failings at these Banks undermine confidence in the UK financial system and put its integrity at risk.