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BANKS-FOREX/SETTLEMENT-FINES
RTR4DUTS
12 Nov. 2014
The Canary Wharf financial district is seen in east... more
BANKS-FOREX/SETTLEMENT-FINES
RTR4DUTS
12 Nov. 2014
London, United Kingdom
The Canary Wharf financial district is seen in east 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/Suzanne Plunkett (BRITAIN - Tags: BUSINESS)
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