Eight of world's biggest banks to settle cartel case with Brussels

Categorized | STOP FORECLOSURE FRAUD

Eight of world’s biggest banks to settle cartel case with Brussels

Eight of world’s biggest banks to settle cartel case with Brussels

Irish Times-

Eight of the world’s largest banks are set to discuss financial settlements with the European Commission, drawing a line under a four-year probe into allegations that they formed a cartel to rig the €4.5 trillion global foreign-exchange market.

UBSRoyal Bank of Scotland, JPMorgan Chase, CitigroupBarclaysHSBCand two other banks are gearing up to negotiate settlements likely to cost billions of euro combined, according to sources.

The cartel case – one of the biggest that Brussels has handled – poses a challenge to investigators because of the complexity of the alleged misconduct across a large number of currencies. It is one of the last in a flurry of investigations into the manipulation of financial benchmarks.

[IRISH TIMES]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8715 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives