Home > Major banks admit guilt in FX probe

Business
Major banks admit guilt in FX probe

Description

Five of the world's largest banks have been fined a collective $5.7 billion, after four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates. But as Ivor Bennet reports, the fines may not be the problem.

Added on the 20/05/2015 17:37:58 - Copyright : Reuters EN

To customise your video :

Generic export code

More videos on the subject

Will criminal charges follow FX probe?

The $4.3 billion in civil settlements struck between six global banks and U.S. and UK authorities over foreign exchange market manipulation was just the beginning. As Sonia Legg reports, the stage is set for negotiations over related ongoing probes that could bear much more severe consequences

13/11/2014 - Reuters EN
Chinese banks warn of major profit drop

Shanghai (China), Aug 28 (EFE / EPA), (Camera: Alex Plavevski).- The largest Chinese banks are expecting the biggest profit drop in over a decade due to the pandemic.FOOTAGE OF THE CITY OF SHANGHAI.

28/08/2020 - EFE Inglés
New banks probe, but ABN to sell stake

With the bill globally for banks' misconduct now topping $235 billion, the UK financial markets watchdog is launching a new probe into bank fees for mergers and bond and share sales. But in a sign of recovery for the sector, the Netherlands is to sell a stake in ABN Amro. Ivor Bennett reports.

22/05/2015 - Reuters EN
French probe turns up heat on HSBC

French authorities have charged HSBC over allegations relating to past tax dealings, while Deutsche Bank is set to face the music over Libor manipulation. Ciara Lee asks how damaging these scandals are for the banks and their reputations.

10/04/2015 - Reuters EN
'It was him' Boston bomber's lawyers admit guilt, focus on brother

Lawyer for accused Boston Marathon bomber said Dzhokhar Tsarnaev bore responsibility for the attacks with a blunt admission: "It was him." Deborah Lutterbeck reports.

05/03/2015 - Reuters EN