BNP Paribas pleads guilty to FX price-fixing
French bank regrets the misconduct and will pay $90 million to resolve investigations into its currency trading practices
BNP Paribas has pleaded guilty to conspiring to manipulate prices in foreign exchange markets and agreed to pay $90 million to resolve investigations by the US Department of Justice and other agencies into its currency trading practices.
Documents filed in the Southern District Court of New York on January 25 claim that between September 2011 and July 2013, BNPP USA conspired to fix prices in central and Eastern European, Middle Eastern and African currencies in an effort to suppress and
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