Barclays and RBS among banks fined £930m by European Commission

Barclays and Royal Bank of Scotland (RBS) are among five banks handed a 1.07 billion euro (£930 million) fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced.

Citigroup, JP Morgan and MUFG were also fined by the EU antitrust group in two settlements.

Barclays, RBS, JPMorgan and Citigroup were hit with a combined fine of 811.2 million euros (£708.6 million) in the first settlement.

The second settlement saw a 257.7 million euro (£225.1 million) fine slapped on Barclays, RBS and MUFG Bank…
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