The total fines add up to nearly $6 billion for the manipulation of foreign currency rates for the benefit of traders. The biggest hit this week was to Barclays, with the bank getting a $2.5 billion fine in the probe. Barclays, along with three other banks (Citigroup, JPMorgan, and RBS) had pleaded guilty to criminal charges for forex manipulation with the market prices for US dollars and euros. UBS, the bank that was granted immunity in the antitrust case, did also plead guilty to manipulating LIBOR.
Banks Hit With Record Fines For Forex Manipulation
This year has been a record-breaking year for initial public offerings with companies going public via SPAC mergers, direct listings and standard IPOS. At Techlive this week, Jack Cassel of Nasdaq and A.J. Murphy of Standard Industries joined Willem Marx of The Wall Street Journal and Barron's Group to talk about companies and trends in Read More