Forex scandal
British banks could be fined billions in coming months as investors pursue them for rigging foreign exchange Forex rates, following a landmark US settlement on Friday. The New York case forex expected to unleash a further flood of claims in London, the largest foreign exchange trading hub in the world. Scandal court case in New Forex could leave scandal banks facing billions of pounds-worth of civil scandal in London and Asia over forex rate rigging. Ryan-Collins, whose work focuses on financial reform, said rogue financiers should face imprisonment. Benjamin stressed that fines leveled at banks forex to tackle white collar crime, and hit shareholders as scandal remain unfazed. Forex rigging was the most recent in a series of rate-rigging scandals to engulf the global financial sector. They rigged the foreign currency trades via email and online chat rooms to scandal detriment of the companies and investors who had placed trust in them. The rogue traders then relayed instances where they bolstered forex profits, while lobbying their managers for bigger bonuses. It has been suggested that hedge funds, pension funds and other investors could also launch cases against banks found guilty of Forex rigging in Singapore and Hong Kong. News America UK Russian politics Business Sport Op-Edge In vision In motion RT Shows On-Air Talent More. Financial penalties forex to hit British banks for Forex rigging will do little to tackle financial crime in the City of London as regulators continue to prioritize high finance over ordinary citizens, experts warn.
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Children as young as twelve and thirteen came to school not to study but to shoot as many people as possible.