Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging
May 16, 2019 at 05:54 AM EDT
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.