- UK FCA will continue its investigation into Barclays activity to cover its G10 and wider fx trading business
- UK FCA fines JPM $352m, Citi $358, HSBC $343m,RBS $344m and UBS $371m
- CFTC fines Citi and JPM $310m each, RBS and UBS $290m each, HSBC $275m for attempted manipulation of fx rates
- CFTC orders banks to cease and desist from further violations and take specified steps to strengthen their internal controls and procedure
- UK FCA to launch industry-wide remediaton programme after uncovering forex market failings
- CFTC says Swiss regulator has issued an order resolving procedings against UBS related to attempted fx manipulation
The BBC has more here on the probe into forex market dealings between 1 January 2008 and 15 October 2013
Seems like an occupational hazard cost to banks but all have vowed to review their forex procedures
