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EU fines 4 banks $390M in foreign exchange trading cartel
BRUSSELS (AP) — The European Union has fined four major banks a combined $390 million for colluding in a foreign exchange spot trading cartel that allowed them to beat inherent risks in currency deals. HSBC received the biggest fine of almost $200 million, while Credit Suisse, RBS and Barclays received smaller penalties. The European Commission
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