Banks fined 2bn for rigging Forex markets

The video discusses a scandal in the foreign currency markets where traders manipulated exchange rates for personal gain, leading to record fines for major banks. It highlights the inadequacy of conflict management in financial markets and the formation of trader cartels. Despite regulatory efforts, challenges remain in enforcing financial market integrity. Public anger persists over banking misconduct, and stronger measures are needed to restore trust.

What did the Financial Conduct Authority and its Australian counterpart find regarding traders at five banks?

How did the chief executive of RBSA Bank describe the behavior of some traders?