Via Dave Brown In the United States, the Commodity Futures Trading Commission imposed $1.4 billion in penalties against Citigroup, HSBC, JPMorgan, R.B.S. and UBS. The Office of the Comptroller of the Currency fined Citigroup, JPMorgan and Bank of America a combined $950 million for what it said were “unsafe and unsound practices” in their currency trading businesses. And regulators in Switzerland penalized UBS about $138 million. dealbook.nytimes/2014/11/12/british-and-u-s-regulators-fine-big-banks-3-16-billion-in-foreign-exchange-scandal/?emc=edit_th_20141113&nl=todaysheadlines&nlid=20843585&_r=1 PART of that settlement arrangement should be opening the records of Swiss and Cayman offshore accounts...I hope Potus pursues this avenue...
Posted on: Thu, 13 Nov 2014 15:59:40 +0000
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