UK banks fined €1bn by EU for rigging foreign exchange market

European commission says decision shows ‘collusive behaviour will not be tolerated’Five banks including Barclays and Royal Bank of Scotland have been fined a total of more than €1bn (£875m) by the European Union for rigging the multi-trillion dollar fo…

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Investor Edward Bramson concedes early defeat for seat on Barclays board

US-based activist investor says he expects ‘fairly heavy vote’ against his resolutionActivist investor Edward Bramson said he won’t be giving up in his battle against Barclays despite losing his bid for a seat on the board of the UK lender.Bramson made…

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Ending the Iranian sanctions waiver could be own goal for Trump

Preventing Iran’s oil from reaching the market will raise oil prices and US business costsThe past two and a bit years have shown that it is naive to expect Donald Trump’s strategic and economic policies to demonstrate coherence. Even so, the lack of j…

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