Banks Risk $6 Billion Fines, Damages in Forex, Bond-Rigging Probes
Banks including Credit Suisse, UBS, Barclays, Credit Agricole, Bank of America and Deutsche Bank may face more than $6 billion in fines if they are found guilty of manipulating forex rates, SSA bonds and European Government Bonds in three different EU antitrust probes. The U.K. also opened a separate probe over anticompetitive practices in the bond market.