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Record Fines for Banks over Currency Fixing

Six of the world's biggest banks are to pay authorities in the US and Britain a total of almost six billion dollars for their role in the manipulation of foreign exchange rates.

Six of the world's biggest banks are to pay authorities in the US and Britain a total of almost six billion dollars for their role in the manipulation of foreign exchange rates. Rival traders used online chat rooms to collude with each other and inflate their own banks' profits at the expense of their customers. We hear from Bart Naylor, former head of investigations for the US Senate Banking Committee - he wants to see more bankers brought to justice. We report on business life in the largest Palestinian territory, the West Bank. People living there already face restrictions on their ability to travel. Now the Israeli government has called off a plan that would have tightened security even further. And, Spotify is spreading its wings.The Swedish company is expanding its reach beyond mere music - will other online media providers be worried? (Image: Foreign exchange rates in a New York window, AFP)

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28 minutes

Last on

Wed 20 May 2015 22:32GMT

Broadcast

  • Wed 20 May 2015 22:32GMT