Source: www.reuters.com
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BRUSSELS (Reuters) - EU antitrust regulators on Thursday fined Barclays, RBS, HSBC and Credit Suisse a total of 344 million euros ($389.7 million) for taking part in a foreign exchange spot trading cartel.
UBS avoided a 94 million euro fine as it had alerted the cartel to the European Commission. The EU competition regulator said the cartel had focused on forex spot trading of G10 currencies.
($1 = 0.8828 euros)
Reporting by Foo Yun Chee
