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Barclays said to face fine for breaching Libor settlement
Barclays Plc will probably be fined for violating a three-year-old settlement over interest-rate rigging, but U.S. prosecutors will stop short of seeking a guilty plea, which they are demanding from...
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UBS facing $545m in fines as banks hit with fresh sanctions for forex rigging
Major banks are braced for a fresh wave of punishments and fines for rigging foreign exchange markets after Swiss bank UBS revealed on Wednesday it had avoided prosecution by the US Department of...
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Banks hit by record $5.7bn fine for rigging forex markets
Five major banks, including Barclays and Royal Bank of Scotland, have been fined a record $5.7bn (£3.7bn) for rigging foreign exchange markets in the latest scandal to engulf the banking industry. The...
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Barclays to pay another huge fine
Another day, another big fine. The New York State Department of Financial Services (NYDFS) said Wednesday thatBarclays will pay $2.4 billion to settle its foreign exchange manipulation case. “Today’s...
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Citigroup Paid 2,500 Times More for FX Rigging Than It Made
Jamie Forese, head of the Citigroup Inc. unit that houses trading and investment banking, said fines the firm paid for rigging foreign-exchange markets dwarfed the amount generated by the illegal...
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Barclays to pay $800,000 fine for U.S. data reporting errors
Wall Street’s self-funded watchdog fined a unit of Barclays PLC $800,000 for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability...
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Firm run by former ‘Real Housewives’ family has been fined for alleged naked...
FINRA levied an $800,000 fine against California-based StockCross Financial Services for engaging in naked short selling. The firm is run by the family of former “Real Housewives of Beverly Hills” star...
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FINRA Sanctions Edward Jones $13.5M
FINRA hit five broker-dealers with $18 million in sanctions for overcharging clients and charities on mutual funds. Edward Jones faces the largest penalty: $13.5 million. Stifel was hit with $2.9...
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Misbehaving U.S. banks have now paid $200bn+ in fines
U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. Regulators have been out for blood against banks for...
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Swiss banks to pay $107 million in U.S. Justice Department pacts
Two Swiss banks will pay a total of more than $107 million to the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. Bank...
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