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Tuesday 20th March 2018

EU Fines Five Major Banks for Currency Collusion

Business

7Dnews London

Thu, 16 May 2019 10:47 GMT

The EU's powerful anti-trust authority on Thursday May 16th fined five major banks - including Barclays and Citigroup - more than a billion euros for collusion in the massive foreign exchange currency market, AFP has reported.

"The behaviour of these banks undermined the integrity of the sector at the expense of the European economy and consumers," said EU Competition Commissioner Margrethe Vestager.


Europe