The total fines add up to nearly $6 billion for the manipulation of foreign currency rates for the benefit of traders. The biggest hit this week was to Barclays, with the bank getting a $2.5 billion fine in the probe. Barclays, along with three other banks (Citigroup, JPMorgan, and RBS) had pleaded guilty to criminal charges for forex manipulation with the market prices for US dollars and euros. UBS, the bank that was granted immunity in the antitrust case, did also plead guilty to manipulating LIBOR.
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Bitcoin Snaps Its Correlation with the S&P 500
Bitcoin broke its way higher while the US markets, including the S&P 500, are down. Bitcoin was strongly correlated to the top US indices. Some assumed that the spot Bitcoin...
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