(Adds UK minister, Treasury committee members) LONDON, Nov 12 (Reuters) - Five of the world's biggest banks will pay almost $3.4 billion in penalties to British, U.S. and Swiss authorities for alleged manipulation of foreign exchange rates. Here are reactions to the fines: GEORG
Read moreLONDON, Nov 12 (Reuters) - Britain's Financial Conduct Authority said Barclays was the only bank it was still investigating in relation to alleged manipulation of currency markets. "Barclays is the only bank that we are currently investigating from an enforcement perspective," FCA director
Read moreLONDON, Nov 12 (Reuters) - Banks that have been fined for attempting to manipulate currency markets should "think hard" about the bonuses they will be handing out to staff, Britain's Financial Conduct Authority said on Wednesday. Clive Adamson, director of supervision at the FCA, told a new
Read moreUK stocks declined on Wednesday, snapping a five-day winning streak that sent the FTSE 100 to a six-week high, as investors digested a wave of corporate earnings and awaited the Bank of England's (BoE) Inflation Report. News of a massive fine across the UK banking sector was also dragging high stree
Read moreLONDON, Nov 12 (Reuters) - European banking shares fell on Wednesday after global regulators imposed penalties totalling $3.4 billion on five major banks in a landmark settlement over allegations of price fixing in the foreign exchange market. Shares in Barclays featured among the biggest l
Read moreBy Kirstin Ridley and Joshua Franklin LONDON/ZURICH, Nov 12 (Reuters) - Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
DUBAI, Nov 12 (Reuters) - HSBC Holdings' head of banking for the Middle East and North Africa (MENA) has left the bank, a source familiar with the matter told Reuters on Wednesday. Jonathan Robinson, a senior investment banker who took up the role at the start of the year, departed on Thurs
Read more(Adds more reactions) LONDON, Nov 12 (Reuters) - Five of the world's biggest banks will pay almost $3.4 billion in penalties to British, U.S. and Swiss authorities for alleged manipulation of foreign exchange rates. Here are reactions to the fines: GEORGE OSBORNE, UK FINANCE MIN
Read moreLONDON, Nov 12 (Reuters) - The Frankfurt-listed shares of JP Morgan, HSBC and Royal Bank of Scotland fell in early trading on Wednesday after regulators imposed penalties to five banks in a landmark settlement over allegations of price fixing in the foreign exchange market. Global regulato
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