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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

SEC says may give firms more time to comply with Europe"s research rules

The U.S. Securities and Exchange Commission (SEC) could extend a 30-month grace period granted to Wall Street firms to comply with European Union investment rules to unbundle research and other services, commissioner Hester Peirce said on Wednesday......»»

Category: topSource: reutersAug 7th, 2019

Easing hopes prop up global stocks, pound sags as Britain eyes new PM

Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union......»»

Category: topSource: reutersJul 22nd, 2019

South Korea bourse fines BofA Merrill Lynch over irregular trading

The Korea Exchange (KRX) said on Tuesday it has imposed a 175 million won ($148,655) fine on Bank of America Merrill Lynch's South Korean unit for irregular trading activities......»»

Category: topSource: reutersJul 16th, 2019

"Trading Nation" On European Banks Amid Deutsche Bank Troubles

On CNBC’s "Trading Nation" on Monday, Boris Schlossberg of BK Asset Management says if he's going to invest in European banks amid Deutsche Bank AG (NYSE: DB) struggles, UBS read more.....»»

Category: blogSource: benzingaJul 9th, 2019

Vietnam, EU sign landmark free trade deal

The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country......»»

Category: topSource: reutersJun 30th, 2019

HSBC"s Securities Trading Portfolio Poised To Grow The Most Among European Investment Banks Over Coming Years

Securities trading is a .....»»

Category: futuresSource: nasdaqJun 29th, 2019

Big carmakers including VW, FCA could face 2021 EU emissions fines - study

Volkswagen and FiatChrysler could together face billions of dollars in penalties if they fail to meet the European Union's emissions targets set for 2021, according to a new study. David Pollard reports......»»

Category: videoSource: reutersJun 26th, 2019

Large carmakers including Volkswagen, FCA could face 2021 EU emissions fines: study

Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners......»»

Category: topSource: reutersJun 26th, 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