Regulators fine global banks $3.4 billion in forex probe

A Citibank sign is shown in downtown Los Angeles, California October 29, 2014.

(Reuters) – Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.

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Source News: Reuters
Photo: Reuters/Mike Blake