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Banks Pay Up to Settle Forex Manipulations

Citi and JPM both paid over $1.0B in the largely unregulated $5 Trillion a day market.

Regulators fined six major banks a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange...…

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Lawsky Rumored to be Leaving

Opportunity: US slows down and UK takes the lead in setting the regulatory agenda, globally.

Risk: overly restrictive regulation...

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