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EU fines Barclays, RBS, HSBC, Credit score Suisse 344 million euros for foreign exchange cartel By Reuters

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© Reuters. FILE PHOTO: The Barclays brand is seen in entrance of displayed inventory graph on this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration

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BRUSSELS (Reuters) – EU antitrust regulators on Thursday fined Barclays (LON:), RBS (LON:), HSBC and Credit score Suisse (SIX:) a complete of 344 million euros ($389.7 million) for collaborating in a international trade spot buying and selling cartel.

UBS averted a 94 million euro effective because it had alerted the cartel to the European Fee. The EU competitors regulator mentioned the cartel had centered on foreign exchange spot buying and selling of G10 currencies.

($1 = 0.8828 euros)

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