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UK regulator in talks with 6 banks over FX settlement -sources

Fri, 26th Sep 2014 11:31

LONDON, Sept 26 (Reuters) - Britain's Financial ConductAuthority held talks this week with six banks over a coordinatedsettlement after its investigation into allegations of collusionand manipulation in the global currency market, banking sourcestold Reuters on Friday.

The settlement would see banks pay different sums, dependingon the gravity of transgression, could total just under 2billion pounds and would be confirmed simultaneously, thesources said.

This confirms a report earlier on Friday from Sky News.

The banks in the talks were Barclays, HSBC, Royal Bank of Scotland, UBS, JPMorgan and Citi.

The FCA, Barclays, UBS, Citi and JP Morgan declined tocomment. The other banks couldn't be reached immediately. (Reporting by Jamie McGeever and Steve Slater)

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