23rd Oct 2015 05:39
LONDON (Alliance News) - Three UK-listed banks were among those hit by a USD924.0 million fine for foreign-exchange rigging on Thursday, Sky News reported, following a settlement agreed in the US.
Barclays PLC, HSBC Holdings PLC and The Royal Bank of Scotland Group PLC are understood to have agreed to pay the fines following a US federal court hearing. Barclays will pay USD384.0 million, HSBC will pay USD285.0 million, and RBS will pay USD255.0 million, according to people familiar with the settlements.
France's BNP Paribas and Wall Street investment bank Goldman Sachs also agreed to pay a combined USD249.0 million.
http://news.sky.com/story/1574604/uk-bank-trio-agree-924m-forex-rigging-bill
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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