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UBS, Barclay, RBS, HSBC agree to settle EC forex probe for $295M

Dec. 02, 2021 5:24 PM ETCredit Suisse Group AG (CS) Stock, HSBC Stock, BCS Stock, UBS StockNWGBy: Liz Kiesche, SA News Editor

Justice System

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  • The European Commission imposes a fine of €261M (~$295M) on four banks that agreed to settle the EC's cartel investigation into the foreign exchange spot trading market.
  • The banks that agreed to settle are UBS

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