Brazil fines five global banks for manipulating exchange rates

Sunday, December 11th 2016 - 19:53 UTC

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Brazil’s antitrust body has slapped five banks with fines worth a combined 183.5 million reais (US$ 54 million) for creating a cartel to manipulate exchange rates, official sources announced. CADE, an office in charge of preventing economic abuse, announced that it had hit Barclays, Citicorp, Deutsche Bank, HSBC and JPMorgan Chase with the fines for participating in anti-competitive activities. Read full article

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ChrisR
See my comment on 'auditing', so apt.
Dec 12th, 2016 - 01:40 pm - Link - Report abuse 0
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Fidel_CasTroll
You telling me Anglos rigging things, again?

I am dismayed I tell you!! Not possible, they are angels of probity!
Dec 14th, 2016 - 07:19 am - Link - Report abuse 0
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:o))
The pot calling the kettle black?
Dec 20th, 2016 - 09:35 am - Link - Report abuse 0
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