Bank fines worldwide broke all kinds of records this week, as $4.3bn in penalties were meted out by US, Swiss and UK regulators over allegations of rigging in the $5.3tn-a-day foreign exchange market. The UK Financial Conduct Authority levied the

Source: www.ft.com

[Multiple Fines] appear to provide evidence that the Americans are unfairly targeting European banks for enforcement – siphoning penalty money across the Atlantic, while sparing their own institutions.

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