BNP Paribas has reached a settlement with the board of governors of the Federal Reserve System (FRB) following misconduct in its foreign exchange business and will pay a further $246m fine.
The firm was fined for activities in the FX market between 2007 and 2013 where, according to the BBC, the authorities said traders at different firms including BNP Paribas, used online chat to share details...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks