ZeroHedge – FX-Rigging Probe Settlement Accelerates With UK Regulator – 23 July 2014

ZeroHedgeAs the proof piles up, and retired/suspended traders increase, Bloomberg reports that talks to reach the first settlement in the FX-rigging probe are accelerating, with Britain’s markets regulator preparing to reach a deal with a group of banks this year, people with knowledge of the talks said.
  • *FCA SAID TO BE SEEKING FAST-TRACK SETTLEMENT WITH NARROW SCOPE
  • *FCA TALKS SAID TO INCLUDE BARCLAYS, CITIGROUP, JPMORGAN, UBS, RBS, AND HSBC

The question remains, will guilt be admitted… or is the pending fine just another cost of doing business in the trillion dollar market manipulation miasma in which we find ourselves.

Read the full story at : www.zerohedge.com  / link to original article

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