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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

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

"Banana split" costs five banks a $1.2bln fine

The European Commission has fined five banks a total of $1.2bln for rigging foreign exchange markets......»»

Category: videoSource: reutersMay 16th, 2019

"Banana split" costs five banks a $1.2bln fine

The European Commission has fined five banks a total of $1.2bln for rigging foreign exchange markets. Julian Satterthwaite reports......»»

Category: videoSource: reutersMay 16th, 2019

Euro zone banking at risk of dangerous fragmentation, ECB warns

Euro zone banks are turning away from cross-border activity, putting at risk the bloc's banking union and raising the risk of dangerous fragmentation, European Central Bank Vice President Luis de Guindos said on Thursday......»»

Category: topSource: reutersMay 16th, 2019

Seven banks face forex rigging fines - sources

Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. Ciara Lee reports......»»

Category: videoSource: reutersMay 10th, 2019

EU accepts Visa and Mastercard fees offer to end antitrust probe

The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation......»»

Category: topSource: reutersApr 29th, 2019

EU accepts Visa, Mastercard offer to cut non-EU card fees to end antitrust probe

The European Union said on Monday that it has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation......»»

Category: topSource: reutersApr 29th, 2019

EU watchdogs give banks no leeway on Brexit-driven hub demands

European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet......»»

Category: topSource: reutersApr 23rd, 2019

How Much of Global GDP Faces Trade Risks?

This continues to act as a drag on global economy: A wave of disruptions is rocking the world trading system. Britain’s divorce from the European Union has.....»»

Category: blogSource: TheBigPictureApr 23rd, 2019

Why fines against Google, Nike are a good thing for company stocks

What do Nike and Google have in common? Both faced European Union (EU) antitrust fines in March — $14 million for Nike, $1.7 billion f.....»»

Category: topSource: usatodayApr 21st, 2019

Christopher & Banks" stock trading suspended on NYSE, to be delisted

Christopher & Banks Corp. said Thursday that the New York Stock Exchange has suspended trad.....»»

Category: topSource: marketwatchApr 18th, 2019

A US-EU trade war would be a political and economic mistake, says French finance minister

In two Twitter posts this week, U.S. President Donald Trump hit out at the European Union, even calling the bloc "a brutal trading partner.".....»»

Category: topSource: moneycentralApr 12th, 2019