Non-Sterling currencies reference rates for ... - Barclays

Is case anyone needs reminding why we need a currency outside Banks' control--> WSJ: Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit

Direct link: http://www.wsj.com/articles/bank-of-america-to-pay-180-million-to-settle-private-forex-lawsuit-1430340190
To bypass paywall: https://www.google.com/search?q=Bank+of+America+to+Pay+%24180+Million+to+Settle+Investors%E2%80%99+Forex+Lawsuit
tl;dr The big banks colluded and rigged the currency markets. JP Morgan agreed to pay $100 million, UBS $135m, now Bank of America $180m, Citigroup and Barclays will settle soon. BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley and Royal Bank of Scotland are next. This is a private lawsuit. They've already paid billions to the US and UK governments for this shit last year.
The perverted part is Bank of America says "cost of settlement will be covered by existing reserves", which to me translates to: "Don't worry folks, we're already stolen so much that we've alotted some for when we get caught"
No this is not about bitcoin. It's about why we need bitcoin.
submitted by solled to Bitcoin [link] [comments]

Large trading revenue fall hits Barclays  Companies Bank shares battle: Lloyds vs Barclays Trading Bank Levels Using Pure Price Action featuring Paul Langham UK banks: Barclays the ‘pick’ of the sector while RBS may bring back dividends? Barclays FX APP Barclays Premier rewards promo

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Large trading revenue fall hits Barclays Companies

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