- Analytics
- News and Tools
- Market News
- Press Review: Regulators fine global banks $3.4 billion in forex probe
Press Review: Regulators fine global banks $3.4 billion in forex probe
REUTERS
Regulators fine global banks $3.4 billion in forex probe
Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
Royal Bank of Scotland (RBS.L) and JP Morgan (JPM.N) were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
Source: http://www.reuters.com/article/2014/11/12/us-banks-forex-settlement-cftc-idUSKCN0IW0E520141112
REUTERS
Hong Kong to scrap daily yuan conversion limit to boost stock investment
Hong Kong will scrap the daily 20,000 yuan ($3,264) conversion limit for residents from Monday when a landmark scheme to link the city's stock market with Shanghai is launched, facilitating investment flows into China's stock market.
Source: http://www.reuters.com/article/2014/11/12/us-china-hongkong-yuan-idUSKCN0IW0CK20141112
BLOOMBERG
Sanctioned Russian Banks Said to Woo Exporter Dollars
Russian banks cut off from U.S. and European capital markets by sanctions are wooing exporters with higher rates for deposits in euros and dollars, according to three people with knowledge of the situation.
Source: http://www.bloomberg.com/news/2014-11-12/sanctioned-russian-banks-said-to-woo-exporter-dollars.html
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
