Banks Fined $4.3 Billion in Foreign-Exchange Probe
In a highly-anticipated series of settlements, regulators from the United Kingdom, United States, and Switzerland today slapped six banks with a total of $4.3 billion in fines to resolve charges that they manipulated the foreign exchange currency-trading market. JPMorgan and Citibank will pay the largest total in fines of $1 ...
Related articles
-
ArticleFlorida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
-
ArticleFormer U.S. clothing business CEO faces 25 years for bribery in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
-
News BriefFTC orders AI firms to disclose safeguards for children and teens
AI chatbots are increasingly used by children and teens, prompting the FTC to order seven AI companies to explain how they monitor potential harms to minors.