10 years ago
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Banks fined record £2bn over foreign exchange rigging
The corruption of the world’s biggest currency dealers has been laid bare with regulators imposing fines of £2bn on five major banks for rigging the £3.5tn a day foreign exchange markets. Regulators said they had found for a “free for all culture” rife on their trading floors that has allowed the markets to be rigged for five years.
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http://www.theguardian.com
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There's an excellent rant about this from a Channel 4 TV economics reporter who expresses the frustration that most people are feeling about these types of stories: https://www.youtube.com/watch?v=Wf7a53y9RRM
Thanks for the link, that was an informative watch.