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EU-economy-banking-fine 2ndlead

Contributed by NAMPA / AFP.

EU fines five major banks 1 bn euros for currency collusion
ATTENTION - ADDS bank reaction ///
Brussels, May 16, 2019 (AFP) - The EU's powerful anti-trust authority on Thursday fined five major banks -- including Barclays and Citigroup -- more than a billion euros for collusion in the massive foreign exchange currency market.
The European Commission sanctioned Barclays, the Royal Bank of Scotland, Citigroup, JPMorgan and Japan's MUFG Bank a total of 1.07 billion euros ($1.2 billion) after ...



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