Suzi Ring and Liam Vaughan, Bloomberg

First FX-rigging settlement fines 5 banks $3.3 billion

Suzi Ring and Liam Vaughan, Bloomberg

November 12, 2014

Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.