How the banks finally admit they rigged the FX markets

PP looks at the investigation that led to four banks pleading guilty to criminal charges over FX manipulation

Stephanie Baxter
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As four banks plead guilty to conspiring to manipulate FX rates, Stephanie Baxter looks into how this cartel culture was allowed on a wide scale.

Regulators around the globe are cracking down on bad practices in banks where traders have been allowed to rig the £3trn foreign exchange (FX) market. The investigations, which have been on a mu...

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