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International banks paid about $ 5.6 billion settlement to manipulate exchange rates


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International banks paid about $ 5.6 billion settlement to manipulate exchange rates

 
      Wednesday   20   May   2015 | 19:28
 

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Bringing the size of the fines to manipulate the exchange rate issues to more than $ 10 billion

 
 

It approved a global consortium of banks to pay more than $ 5.6 billion to the US Department of Justice as part of the settlement of the issues of manipulation of exchange rates in the global currency market "Forex" agreement.

The US Prosecutor Loretta Lynch: "The penalty to be paid commensurate with the damage that has been appended."

And it embarrassed the issue of manipulating the prices of currency exchange involved banks, especially after a brief period to pay billions of dollars in settlement issues in the manipulation of interest rates on loans, which raised questions about whether the banks have taken a lesson from previous scandals.

And bringing the size of the fines to manipulate the exchange rate issues to more than $ 10 billion.

The banks, which reached a settlement of the dispute on Wednesday, May 20, are: "Barclays", and "Citigroup", and "JP Morgan Chase" and "Royal Bank of Scotland," and "UPS".

 

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