European Commission fines five banks € 344 million

The European Commission fined UBS, Barclays, RBS, HSBC and Credit Suisse a total of € 344 million for participating in Foreign Exchange spot trading cartel. The press release dated 2 December 2021 about the decision of the European Commission is available at https://ec.europa.eu/commission/presscorner/detail/en/ip_21_6548