Banks set aside more than $6 billion for FX fines
Citi adjusts third-quarter results to reflect impact of legal provisions
Large currency dealing institutions have set aside more than $6 billion to pay fines related to allegations of market rigging, last week's financial reports for the third quarter show, as regulators in the UK and the US inch towards a settlement with some of the world's largest banks.
Collectively, Citi, Barclays, Deutsche Bank, JP Morgan, the Royal Bank of Scotland and UBS have set aside approximately $6.5 billion, with the majority of the sum related to investigations into currency trading
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