Five banks fined $3.2bn in forex rate-rigging scandal
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Five banks have been fined more than $3.2 billion for manipulating the foreign exchange markets. UBS, Royal Bank of Scotland, JP Morgan, Citibank and HSBC agreed settlements with US, UK and Swiss regulators over allegations they colluded to fix key rates. Also today: the French government will discuss the €2.2bn overspend by its departments.