Arab Today, arab today brazil targets 15 banks in forex fixing probe
Last Updated : GMT 03:30:34
Arab Today, arab today
Arab Today, arab today

Brazil targets 15 banks in forex fixing probe

Arab Today, arab today

Arab Today, arab today Brazil targets 15 banks in forex fixing probe

Fifteen banks are under investigation by Brazil
Brasília - AFP

Brazil's antitrust body announced a probe into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC.

"There are strong indications of anticompetitive practices of price fixing" and other manipulations between the banks, the watchdog known as Cade said late Thursday. The alleged cheating lasted from 2007 until at least 2013, authorities said.

 

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