EU fines banks over $1 billion over foreign exchange cartel

BRUSSELS (AP) — European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency.

The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies "exchanged sensitive information and trading plans.Read more on NewsOK.com

BRUSSELS (AP) — European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency.

The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies "exchanged sensitive information and trading plans.
Read more on NewsOK.com

Read more on Newsok 

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