“Discussions with DoJ have continued and are at an advanced stage, although no agreement has been reached … on the form of a resolution,” Zurich-based UBS said on Tuesday.
Tag: forex manipulation
The Wall Street Journal's Christina Rexrode broke the news yesterday that Bank of America will pay $180 million to settle a lawsuit by private investors who accused the bank and …
Amidst officially setting aside over $1b in funds for alleged FX manipulation charge today, Barclay’s has closed out it’s short euro trade as EUR/USD reclaims 1.10.
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 …
Credit Suisse, Societe Generale, Goldman Sachs and BNP Paribas are the subject of subpoenas issued by New York State Financial Services Superintendent Benjamin Lawsky, focused on investigating the technology used …
The conclusion by global regulators in November last year which resulted in six banks paying $4.3 billion in fines for their part in FX benchmark manipulation has not ended the …
HSBC has today released its annual report, which shows a further $550 million having been set aside for potential settlement of further penalties relating to FX benchmark manipulation, the report …
Large banks which were fined by global regulators for FX rate manipulation have deducted a proportion of the cost of the fines from bonus pools, resulting in curtailed remuneration for …
As the corporate and legal investigations into trader activity commence following the regulatory censuring of six banks for FX benchmark manipulation, energy giant BP begins probing its FX trading desk …
Following the recent cases in which firms have been censured for LIBOR and FX rate manipulation, the FCA is seeking industry perspective with regard to regulating 7 more benchmarks including …
