Every other day we read how banks are being fined for wrongdoing. Fines here and there constantly yet no one goes to jail. The entire financial system is rotten!
Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging
KEY POINTS
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.
Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission.
A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.
FED published a list of 'gold hoarders' in March 8, 1933 and stated that they would be imprisoned and fined $10k for hoarding gold. Frightened people even those with just a $10 gold coin rushed to give the FED their precious metals in fear! Why would anyone trust the banks after this?
Wall Street banks including Bank of America and Goldman Sachs fined $1.8 billion over failures in monitoring how staff used personal phones to talk about work
Caution! Crypto Scam Reports Tripled in the UK Last Year Resulting $34 Million In Losses. In Other News, EU Fined Forex Banks $1.2 Billion Over Foreign Exchange Cartels
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