New York Fines BNP Paribas $350 Mn Over Fake Currency Trading
New York state bank regulators fined BNP Paribas $350 million for “illegal, unsafe and unsound” currency trading practices that included use of secret hand signals to dupe customers, officials announced Wednesday. The charges involved “significant, long-term violations,” including fake trades, manipulating currency prices, using confidential information to profit at the customers’ expense, and misleading customers, … Read more