Loading…
South Korea's Fair Trade Commission fined four foreign banks a total of 693 million won for fixing prices of foreign exchange derivatives sold to five Korean companies. The banks, including Standard Chartered Korea, Deutsche Bank, JPMorgan and HSBC, colluded between 2010 and 2012.
The commission said the conduct raised client costs and undermined competition.
This is a regulatory enforcement action in currency derivatives markets with no direct link to feed commodities or their prices. It has no meaningful effect on feed supply, demand or price.
en.yna.co.krKim, KwangTaeJan 20, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
