On 12 November 2014, the United Kingdom's Financial Conduct Authority (FCA) imposed fines totaling $1.7 billion on five banks for failing to control business practices in their G10 spot foreign exchange trading operations, specifically: Citibank $358 million, HSBC $343 million, JPMorgan $352 million, RBS $344 million and UBS $371 million. Banking giant HSBC has set aside almost £250m as it prepares itself to be hit with fines over alleged foreign exchange manipulation. It said it has made a $378m (£236m) provision for potential penalties following an investigation by Britain's Financial Conduct Authority (FCA). Citi and HSBC banks dominate the skyline of Canary Wharf, London. Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by HSBC, Europe’s biggest bank, has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market, it emerged
HSBC, Europe’s biggest bank, has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market, it emerged HSBC sets aside $378m for potential forex-rigging fines This article is more than 5 years old Bank also warns of ‘significant fines’ amid investigations into clients’ tax affairs in France JPMorgan puts £3.7bn aside for potential forex fines and other lawsuits Forex bill at British banks breaks £1bn as HSBC becomes third lender to set aside money to pay likely fines
26 Apr 2018 Former Head of HSBC's Global Foreign Exchange Cash Trading Sentenced to 24 The Court also ordered Johnson to pay a $300,000 fine. 15 Mar 2016 [SEOUL] South Korea's competition watchdog said it had fined HSBC Holdings Plc's Hong Kong unit and Deutsche Bank AG a combined 59
HSBC was one of six major US and European banks fined a total of $4.2 billion by global regulators in a November 2014 crackdown for attempted manipulation of the foreign exchange market. On 12 November 2014, the United Kingdom's Financial Conduct Authority (FCA) imposed fines totaling $1.7 billion on five banks for failing to control business practices in their G10 spot foreign exchange trading operations, specifically: Citibank $358 million, HSBC $343 million, JPMorgan $352 million, RBS $344 million and UBS $371 million. Banking giant HSBC has set aside almost £250m as it prepares itself to be hit with fines over alleged foreign exchange manipulation. It said it has made a $378m (£236m) provision for potential penalties following an investigation by Britain's Financial Conduct Authority (FCA). Citi and HSBC banks dominate the skyline of Canary Wharf, London. Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by HSBC, Europe’s biggest bank, has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market, it emerged
RBS and HSBC among five banks fined record total of £2bn by regulators for fixing foreign exchange markets State-backed RBS fined £217m by FCA, and $290m by US regulator Citibank, JPMorgan Chase (Reuters) - HSBC Holdings Plc agreed to pay a record $1.92 billion in fines to U.S. authorities for allowing itself to be used to launder a river of drug money flowing out of Mexico and other The U.S. Federal Reserve fined HSBC Holdings PLC