http://www.usatoday.com/story/money/business/2014/11/11/banks-foreign-exchange-penalties/18852943/
U.S. and British regulators are expected to announce billions of
dollars in civil penalties as early as Wednesday for several major
domestic and foreign banks suspected of manipulating the
$5.3-trillion-a-day foreign exchange currency-trading market.
U.S. banks JPMorgan Chase (JPM) and Citigroup (C), London-based Barclays (BCS)and HSBC (HSBC), Royal Bank of Scotland (RBS) and Swiss banking giant UBS (UBS) are expected to agree to fines totaling as much as 1.5 billion pounds, or nearly $2.4 billion, from Britain's Financial Conduct Authority, several media organizations reported.
WHERE DOES ALL THIS MONEY COME FROM? AND WHERE DOES IT GO TO? WHO CARES??!!!
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