Wednesday, May 20, 2015

Bank by bank, fines for manipulation of exchange rates – swissinfo.ch

Six major world banks were subject to fines amounting to 6,000 million dollars by manipulating the huge global currency market.

Specifically on the issue of currency, the fine amounts to a total of 5.700 billion.

The US Department of Justice (DoJ) on Wednesday also established additional fines of $ 203 million to Swiss bank UBS and Barclays 60 million in the case of manipulation of the Libor.

Here is the amount of financial penalties to be paid by each of the banks involved

– BARCLAYS. 2,320 million

DOJ: 650 000 000 dollars

Federal Reserve (Fed, the US central bank): $ 342 million

CFTC, US regulator of commodities: $ 400 million

. FCA UK regulator: $ 441 million

Department of Financial Services of New York (DSF): $ 485 million

– CITIGROUP: 1,270 million

DoJ: $ 925 million

Fed: $ 342 million

– JPMORGAN CHASE. 892 million

DoJ: $ 550 million

Fed: $ 342 million

– ROYAL BANK OF SCOTLAND (. . RBS): $ 669 million

DoJ: $ 395 million

Fed: $ 274 million

– UBS : 342 million

Fed: $ 342 million

– BANK OF AMERICA:. 205 million

Fed 205 million

LikeTweet

No comments:

Post a Comment