Standard Life, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management for about £3.8bn (€4.4bn), a deal that would create the UK’s largest active manager.
Regulators in the US, Britain and Switzerland ordered five banks to pay about €2.6bn in fines in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
A powerful global financial regulator is to scrutinise benchmarks that are used in currency trading, a first sign that the market may be kept on a tighter leash after manipulation claims.
European Union antitrust regulators are examining the possible manipulation of currency rates, following a Swiss probe into whether banks colluded to manipulate the $5.3 trillion (€3.9tn)-a-day foreign exchange market.
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Thursday, September 17, 2020 - 9:00 PM
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