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BANKS-FOREX/SETTLEMENT-FINES
RTR4DU4S
November 12, 2014
A Citibank sign is reflected in a puddle in the City of London November 12, 2014. Britain's Financial...
London, United Kingdom
A Citibank sign is reflected in a puddle in the City of London
A Citibank sign is reflected in a puddle in the City of London November 12, 2014. Britain's Financial Conduct Authority (FCA) said on Wednesday it has imposed fines totalling $1.7 billion on five banks for failing to control business practices in their G10 spot foreign exchange trading operations. Under the terms of the settlement, Citibank will pay $358 million, HSBC $343 million, JP Morgan Chase $352 million, Royal Bank of Scotland $344 million and UBS $371 million. REUTERS/Stefan Wermuth (BRITAIN - Tags: BUSINESS TPX IMAGES OF THE DAY)
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