Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines totaling 1.07 billion euros ($1.2 billion) for colluding on foreign-exchange trading strategies.
Citigroup was hit hardest with a 310.8 million-euro penalty, followed by fines of 249.2 million euros and 228.8 million euros for RBS and JPMorgan, the European Commission said in a statement on May 16. Barclays Plc was fined 210.3 million euros and Mitsubishi UFJ...
For more stories, analysis and expertiseOR Request Trial
(Updates with background on EU probe involving Credit Suisse, and bank statement starting in seventh paragraph.)