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Major banks, including Barclays and Royal Bank of Scotland, face record fines totaling £6.3 billion for manipulating foreign exchange markets. Regulators on both sides of the Atlantic, including the US Department of Justice, impose penalties on six banks, exposing their "breathtaking flagrancy." This latest round of fines follows previous penalties announced in November for manipulating currency markets, further denting the banking industry's reputation.
Wednesday, 20 May, 2015