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5 banks fined $91M over forex-rigging claims

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Published on: 07 June 2019
Published by a Law360 reporter

Article summary

Law 360, London: Five major banks including JP Morgan and Barclays have been fined almost 90m Swiss francs ($91m) for allegedly colluding to manipulate trading in foreign exchange markets, Switzerland's antitrust authority said, bringing the total penalties imposed on the lenders for competition violations to nearly $1.3bn.

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