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European Union fines five banks $1.2B for exchange trading "cartels"

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 16th, 2019

EU fines five banks $1.2 billion for foreign exchange rigging

Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market......»»

Category: topSource: reutersMay 16th, 2019

EU fines banks over $1 billion over foreign exchange cartel

European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for allegedly colluding in the trade of large sums of foreign currency......»»

Category: topSource: foxnewsMay 16th, 2019

Swiss regulator fines banks for fixing forex trading

Five banks have been fined a total of 90 million Swiss francs ($90.53 million) for colluding to rig the foreign exchange market, Switzerland's competition authority said on Thursday......»»

Category: topSource: reutersJun 6th, 2019

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

The European Union fined Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland a combined 1.07 billion euros ($1.2 billion) on Thursday for rigging the multi-trillion dollar foreign exchange market......»»

Category: topSource: reutersMay 16th, 2019

Thomson Reuters to move forex derivatives to Ireland from London due to Brexit

LONDON (Reuters) - Thomson Reuters said on Tuesday it would transfer its foreign exchange derivatives trading to Dublin from London ahead of Britain's departure from the European Union in March 2019......»»

Category: topSource: reutersMay 15th, 2018

Amsterdam adds to exchange Brexit spoils with Cboe win

LONDON (Reuters) - Chicago-based Cboe Global Markets will open a European Union stock trading venue in Amsterdam as Britain leaves the bloc, adding to the Dutch city's Brexit spoils......»»

Category: topSource: reutersJul 3rd, 2018

Illegal ivory trade seen booming in the EU

In spite of a ban, illegal ivory trading is still flourishing in the European Union, as traders use a loophole allowing for the exchange of antique pieces. Michelle Hennessy reports......»»

Category: videoSource: reutersJul 10th, 2018

U.S. watchdog threatens retaliation over EU clearing rules

U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down "irresponsible" proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday......»»

Category: topSource: reutersOct 17th, 2018

Euro/dollar takes a breather as Brexit chaos dominates; yen boosted

Mounting uncertainty over Britain's Brexit deal with the European Union cast a shadow over foreign exchange markets on Friday, with euro/dollar trading in a tight range and the yen benefiting from demand for currencies deemed safer......»»

Category: topSource: reutersNov 16th, 2018

EU fines Mastercard 570 million euros over cross-border barriers

The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union......»»

Category: topSource: reutersJan 22nd, 2019

Europe Markets: European stocks hover at record highs, with Shell leading the gains

European stocks were inching toward a fresh record on Wednesday, with shares of Royal Dutch Shell climbing after a trading update, and banks also higher. U.S. stock futures were slightly higher......»»

Category: topSource: marketwatchApr 7th, 2021

: Britain and EU headed for financial services showdown

A major chunk of trading in euro-dominated shares has been moving from London to European continental exchanges since the beginning of the week, after the U.K. left the European Union single market......»»

Category: topSource: marketwatchJan 7th, 2021

: You thought it was the end of Brexit? Nope, financial services has replaced fishing as the latest slippery issue

A major chunk of trading in euro-dominated shares has been moving from London to European continental exchanges since the beginning of the week, after the U.K. left the European Union single market......»»

Category: topSource: marketwatchJan 7th, 2021

: U.K. Parliament ratifies post-Brexit trade deal as markets brace for big trading shift on Tuesday

U.K. Prime Minister Boris Johnson and European Union leaders formally signed on Wednesday the trade treaty they concluded last week after 10 months of tough negotiations......»»

Category: topSource: marketwatchDec 30th, 2020

: London in rare bout of euphoria before coming Brexit-induced decline

The deal struck between the U.K. and the European Union didn’t include financial services, and that means a major shift in trading will take place on Jan. 4......»»

Category: topSource: marketwatchDec 29th, 2020

U.K. ETFs jump as Brexit deal is finalized

Exchange-traded funds with exposure to Great Britain rallied Thursday after news reports that the country had reached a trade deal with the European Union. The Invesco Curren.....»»

Category: topSource: marketwatchDec 24th, 2020

: Facebook, Google, Apple and Amazon could face multibillion-dollar fines under new EU tech regulations

Big Tech faces landmark new regulation in the European Union, after the bloc’s executive branch released two new sweeping legislative proposals on Tuesday......»»

Category: topSource: marketwatchDec 15th, 2020

: Alphabet, Amazon, Facebook and Apple could face severe fines and potential for break up under new EU tech regulations

Big Tech faces landmark new regulation in the European Union, after the bloc’s executive branch released two new sweeping legislative proposals on Tuesday......»»

Category: topSource: marketwatchDec 15th, 2020

: Big Tech could face break up and billion-dollar fines under new EU regulation being announced Tuesday

The executive branch of the European Union is scheduled to release two sweeping legislative proposals on Tuesday that will set the stage for regulating Big Tech in Europe......»»

Category: topSource: marketwatchDec 15th, 2020

Google takes on EU in court over record antitrust fines

Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe's second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power......»»

Category: topSource: reutersFeb 11th, 2020