US fines BNP Paribas $246mn over forex oversight
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brecorder
4 months ago

US fines BNP Paribas $246mn over forex oversight

WASHINGTON: US regulators on Monday fined French banking giant BNP Paribas $246 million for poor oversight of its foreign exchange traders who manipulated trang prices. The move came six months after the Federal Reserve permanently barred former BNP trader Jason Katz from the banking industry, for manipulating foreign exchange prices. The firm failed to detect

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