Banks set aside more than $6 billion for FX fines

Citi adjusts third-quarter results to reflect impact of legal provisions

Storm warning

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: