HSBC, Credit Suisse, Barclays, NatWest fined $389M total for currency cartel scheme


The European Commission fined HSBC, Credit Suisse, Barclays, and NatWest a total of €344 million (U.S. $389 million) for their participation in a trader-driven scheme to manipulate the foreign exchange spot market. UBS was not fined after first reporting the scheme.

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