Barclays reaches $150M settlement with New York DFS in relation to Forex investigation LeapRate

November 18, 2015 BY Maria Nikolova

Barclays reaches $150M settlement with New York DFS in relation to Forex investigation

Barclays PLC (LON:BARC) has just announced that it has reached a settlement with the New York State Department of Financial Services (DFS) in respect of the regulator's investigation into the bank's electronic trading of foreign exchange (FX) and FX electronic trading systems. The probe concerns a five-year period – from 2009 to 2014. The New…

October 23, 2015 BY Maria Nikolova

Barclays, RBS, HSBC agree to pay $924M for Forex manipulation in the US

The bill over FX market manipulation keeps growing for big investment giants, with three of the UK's biggest banks - Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), and Royal Bank of Scotland Group plc (LON:RBS), agreeing on Thursday to pay a total compensation of £600 million ($924 million) to victims of Forex manipulation in the…

September 25, 2015 BY Mike Fox

Aussie man jailed for market manipulation in CFD account

The value of the manipulated CFD roughly corresponds to the value of the underlying financial product, in this case, shares on the ASX.

July 23, 2015 BY Andrew Saks-McLeod

Bank of England Director of Markets calls for tough FX trading guidelines to avoid a return to poor ethics

FX traders have been shocked into behaving themselves as a result of the recent regulatory fines, prosecutions and law suits surrounding the FX rate manipulation among bank traders, but it might not last, says BoE director Chris Salmon

March 16, 2015 BY Andrew Saks-McLeod

UBS settles class action lawsuit for FX manipulation - pays $135 million

Switzerland's UBS has agreed to pay $135 million to settle a class action lawsuit by institutional investors for FX rate manipulation, revising its profit downwards, but announcing an increase in its CEO's remuneration package in its recently released annual report

January 13, 2015 BY Andrew Saks-McLeod

Tag: bank fines