Regulators in the UK and US have fined banks more than £2 billion over the foreign exchange (Forex) rigging scandal.
The Financial Conduct Authority said it was imposing the fines for "failing to control business practices in their G10 spot foreign exchange".
The Financial Conduct Authority said today's record fines over the foreign exchange (Forex) rigging scandal "mark the gravity of the failings we found".
FCA chief executive Martin Wheatley said in a statement:
Some of the key points in the Forex rigging scandal.
Regulators in the UK and US have fined banks more than £2 billion over the foreign exchange (Forex) rigging scandal.