11/16/2014

$4.3 Billion Fine for Fraud in Exchange Market Manipulations Is Pittance for Major Banks





UBS (UBSN:VX) will pay $800 million, Citigroup (C) $1.02 billion, JPMorgan Chase(JPM) $6 million less than that, Royal Bank of Scotland (RBS:LN) $634 million, and HSBC (HSBA:LN) $618 million –these amounts are insignificant says Bill Black, Former Financial Regulator

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