€1 Billion Fines for Foreign Exchange Cartels | Explained in 3 Mins

Five banks have been fined over €1 billion by the European Commission for their involvement in currency market cartels. They would share information about foreign exchange trades and coordinate their actions. This video explains the news in 3 minutes.

Our 3 Minute Explainers series breaks down financial news and information into a bitesize chunk that you can watch while you're on a coffee break.

Presented by Nicholas Puri

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