Six of the world's biggest financial institutions were slapped with penalties totaling roughly $5.8 billion on Wednesday, and Charlotte's Bank of America Corp. (NYSE:BAC) did not go unscathed.
Bloomberg reports the fines, handed down separately by the U.S. Department of Justice and the Federal Reserve, are tied to allegations that the banks were involved in rigging foreign currency exchange rates.
Four of the banks — Citigroup Inc., JPMorgan Chase & Co., Barclays and the Royal Bank of Scotland…Miyerkules, Mayo 20, 2015
Bank of America pinched as feds hand down $5.8B in fines for currency schemes
Six of the world's biggest financial institutions were slapped with penalties totaling roughly $5.8 billion on Wednesday, and Charlotte's Bank of America Corp. (NYSE:BAC) did not go unscathed.
Bloomberg reports the fines, handed down separately by the U.S. Department of Justice and the Federal Reserve, are tied to allegations that the banks were involved in rigging foreign currency exchange rates.
Four of the banks — Citigroup Inc., JPMorgan Chase & Co., Barclays and the Royal Bank of Scotland…
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