Swiss enforcer follows EU with €80 million forex fines

Janith Aranze

10 June 2019

Swiss enforcer follows EU with €80 million forex fines

Credit: istock/monsitj

Switzerland’s antitrust enforcer has fined five banks a total of more than €80 million for rigging foreign exchange markets – just weeks after the European Commission imposed €1 billion in fines on the same banks for similar conduct.