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Editorial: Three countries have caught five institutions with their hands in the till. Banking is rotten to the core, but flattering pre-crisis ideas about its role have proved remarkably hard to shift
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Bank puts discount on fines at risk by refusing early settlement as six rivals are ordered to pay £2.6bn for currency rigging
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George Osborne says proceeds from regulator’s crackdown on currency market rigging will be ‘used for the wider public good’
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HSBC, Royal Bank of Scotland, UBS, JP Morgan and Citigroup have all been penalised for their role in rigging the global foreign exchange market
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Five major banks have been fined £2bn for rigging the forex market. This follows banking fines for activities such as sanctions busting, Libor rigging and mortgage bond mis-selling. So will the latest heavy fines change anything?
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Cartoon Steve Bell on the forex rigging scandal – cartoon
George Osborne says proceeds from regulator's crackdown on currency market rigging will be 'used for the wider public good'