http://twitter.com/forex_in_world/status/1265272317883617281EUR/USD Forecast: Seven reasons to favor a rally, and technicals are bullish as well https://t.co/spkQbkVbrz— FOREX IN WORLD (@forex_in_world) May 26, 2020
Seven banks face EU antitrust fines for forex rigging: sources
This is the best tl;dr I could make, original reduced by 46%. (I'm a bot)
BRUSSELS - Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in the coming weeks for rigging the multitrillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. The banks will see a 10 percent cut in their fines for admitting wrongdoing. The EU antitrust enforcer, which has been investigating the case over the last six years and could hand out fines up to 10 percent of a company's global turnover for breaching EU rules, declined to comment. It is possible the EU could space out its rulings against the banks over several weeks rather than lump them together in one day, the people said. Barclays, BNP Paribas, Citigroup, JPMorgan, Royal Bank of Scotland and UBS have entered related guilty pleas in a U.S. case, and been collectively fined more than $2.8 billion.
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