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Banks fined more than £2bn over Forex rigging scandal

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".

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Bank of England: No evidence staff involved in Forex scandal

The Bank of England has said there is no evidence any of its officials were involved in any "unlawful or improper behaviour" in relation to the foreign exchange market.

The Bank published an independent report by Lord Grabiner QC covering the period 2005-2013, which found that no Bank staff were aware of any improper behaviour by banks caught up in a wide-ranging Forex scandal.

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