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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
: 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......»»
: 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......»»
: 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......»»
: 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......»»
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.....»»
: 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......»»
: 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......»»
: 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......»»
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......»»