Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Barclays, RBS, HSBC,and Credit Suisse fined for taking part in forex trading cartel
#1
Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel

[Image: 104226861-GettyImages-631902232.jpg?v=15...=740&h=416]

The European Commission has fined five banks for participating in an illegal foreign exchange trading cartel.

UBS, Barclays, RBS, HSBC and Credit Suisse were fined a combined total of 344 million euros ($390 million), the commission said in a statement Thursday.

The investigation, focused on the trading of G-10 currencies, revealed that foreign exchange traders in these five banks discussed sensitive information and trading plans. They occasionally coordinated their trading plans via a professional online chatroom called Sterling Lads, the commission said.

- More -

Reply
#2
Thanks for the information.
Reply
#3
It is generally believed that anyone can become a trader, and it does not matter at all what kind of education and social status he has. To work, it is enough to undergo training and gain experience. You can trade on the Forex market at any time from Monday to Friday. The time for work and the workplace, you can choose yourself, everything you need, a computer with a configured terminal and the Internet. It is also very important to successfully cope with the search for a suitable site. Personally, I chose for myself https://fbs.com/trading/funds .
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)