EU slaps ₹344 million euros penalty on major banks over forex trading cartel

These fines brought to an end the third part of an investigation that has been ongoing since 2013 and which had already resulted in more than one billion euros in fines in 2019. The probe revealed that traders in charge of spot foreign exchange transactions on major currencies, acting on behalf of the British and Swiss banks, coordinated their trading strategies.

from News-Economic Times https://ift.tt/3DmSh5D