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BNP Paribas’s US subsidiary has pleaded guilty to fixing forex rates in the US and will pay a fine of $90m.
.............https://www.ft.com/content/48ed2e06-02ae-11e8-9650-9c0ad2d7c5b5
The French bank’s US unit had been charged with conspiring to fix prices for central and eastern European, Middle Eastern and African currencies traded in the US and elsewhere from September 2011 to July 2013, according to a court filing in Manhattan.
According to the US Justice Department, BNPP USA is the sixth major bank to plead guilty as a result of the department’s ongoing investigation into antitrust and fraud crimes in the FX market.
.............https://www.ft.com/content/48ed2e06-02ae-11e8-9650-9c0ad2d7c5b5
The French bank’s US unit had been charged with conspiring to fix prices for central and eastern European, Middle Eastern and African currencies traded in the US and elsewhere from September 2011 to July 2013, according to a court filing in Manhattan.
According to the US Justice Department, BNPP USA is the sixth major bank to plead guilty as a result of the department’s ongoing investigation into antitrust and fraud crimes in the FX market.