Nov 032014
HSBC sets aside £236m to cover fines for global forex rigging
Around 40 per cent of global currency trading goes through London. The scandal into forex rigging is expected to prove even more costly for the banks …
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USD Rising but is Rate Hike Imminent?
The Euro is continuing its downward trend as the early afternoon session progresses with the currency pair being unable to rise above the resistance …
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FX Fixing: HSBC Sets Aside $378m to Deal with FCA Investigation
Barclays set aside £500m to deal with a raft of investigations into allegations that traders at the bank had sought to manipulate the currency market …
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Banks set aside up to $7 billion as UK currency settlement looms
On Monday, HSBC said its “detailed” talks with the FCA centre on systems and controls relating to one part of its spot FX trading business in London.
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