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BNP Paribas faces $246m fine in currency scandal
The US central bank has fined BNP Paribas $246m (PS189m), the latest punishment in a currency rigging scandal that has led to billions in fines on both sides of the Atlantic. Authorities say traders at different firms used online chat rooms to share information about currency bids without adequate oversight from their banks. The Federal Reserve alone has issued more than $2bn in fines against seven banks tied to the scandal.
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