FX dealing in the spotlight

Six major banks have been fined more than $4bn by regulators who have punished them for their role in a foreign exchange rate-rigging scandal that once again has called into question the integrity of global financial markets

Ex-RBS trader arrested in forex probe

Move by SFO marks acceleration of global investigation

Hong Kong clears banks in forex probe

No evidence of collusion found among 10 lenders


Explore the 33 traders and staff who so far have been suspended, placed on leave or fired amid regulatory investigations that started in 2013
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Patrick Jenkins talks to ACI president Marshall Bailey about how best to reform the industry in the wake of the recent trading scandal and the record settlement reached by big banks.
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NY investigates banks’ forex algorithms

Regulator probes possible systemic issue at Barclays and Deutsche

HSBC fires European head of currency trading

Departure of Stuart Scott comes in wake of bank’s forex settlement

UK watchdog to review soaring fines

FCA reconsiders sanctions regime after record penalties

More must be done on bank conduct

Some hope is being pinned on the UK’s fair and effective markets review

Goldman Sachs forex trader leaves bank

Frank Cahill was allegedly involved in misconduct while at HSBC

Forex body looks at regulatory prospects

ACI’s Bailey accepts argument for phased-in exchange-trading

City bullyboys are as boorish as ever

The chatroom banter of the forex traders shows little has changed in the banking culture

European banks wake up to US-sized fines

Critics say the Americans are unfairly targeting European banks but this argument is paranoia

Forex banks prepare to claw back bonuses

Millions of dollars could be reclaimed from traders

rows and rows of decreasing numbers and "sell" words on a computer display representing a stockmarket crash.

Mr Nobody is to blame in forex probe

Fix betrays what senior bankers think about reform

Challenger banks will face challenges

Investors right to exercise caution that saw Virgin Money price at 1.2 times book value

US and Brussels target 12 banks on forex

DoJ and European regulators launch probe despite $4.3bn settlement

Barclays shareholders wanted forex deal

Investors say bank should have joined group settlement

Swiss investigate individuals in forex case

New front opens in the banking scandal

Forex traders at heart of ‘Cartel’

Transcripts give insight into powerful group at centre of probe

No end in sight to a rotten culture

Size of fines less stunning than scale of conspiracy

BoE dismisses chief forex trader

Martin Mallett fired for separate ‘serious misconduct’

Be wary of the consensus on euro

General view is the currency is going down against dollar

Rigging scandal costs six banks $4.3bn

Total forex payouts catching up on Libor settlements

Fines carry strong echo of Libor scandal

Heavy penalties as banks have failed to learn lessons

Forex rigging merits tough penalties

Bankers who manipulate markets deserve to face criminal sanctions

Forex fines: X-rated

The markets greeted the fines with indifference. Don’t be fooled

Trio of banks fined $950m by US regulator

BofA, Citi and JPMorgan had ‘unsafe’ forex trading practices

Scandal that taints whole forex market

Compliance departments are being properly intrusive, writes Philip Augar

Traders’ forex chatroom banter exposed

FCA probe details traders’ collusion on orders

Heard in the forex chatroom

Quotes from chatroom messages published by regulators showing how traders manipulated the currency market

Questions raised over FCA’s forex probe

Criticism emerging over speed and ‘subbing out’ part of investigation

Barclays pulls out of forex settlement talks

UK bank seeks agreement with larger group of regulators

No end in sight for UBS regulatory woesNo end in sight for UBS regulatory woes

Swiss watchdog imposes corrective measures after forex settlement

Canary Wharf

Why it is right to fine the banks

Investors need incentive to hold management to account

Q&A: explaining the forex fix

How the benchmark rate can be manipulated

UBS to settle precious metals allegations

Swiss lender to do deal alongside forex agreement

Singapore returns $8bn to banks

UBS and BofA among lenders rewarded for remedial rate-probe action

JPMorgan lifts legal reserves by $1.1bn

Move comes ahead of settlement over alleged forex manipulation

HSBC sets aside $1.6bn as it misses forecasts

Lender to be questioned by French magistrates over tax issues

RBS makes £400m provision for forex probe

Part-nationalised bank still manages £1.27bn pre-tax profit

HSBC to set aside £400m for forex probe

UK bank expected to reveal charge alongside results

UBS books $2bn litigation charge

Net income rises almost a third in June-September quarter


Libor explained What is the London interbank offered rate and how did things go wrong?

The FT explains Libor and its role in the banking system with exclusive stories, commentary and analysis