LA STANDARD CHARTERED A ETE PRISE LA MAIN DANS LE SAC EN TRAIN DE TRUANDER LE FX (USA)

du 11 au 15 février 2019 : source : La Revue de Presse de Pierre Jovanovic

Le FX c'est le Foreign Exchange, autrement dit le marché des devises. Et devinez quoi? La banque, pilotée par l'ancien patron de Blythe Masters, avait modifié les cours de différentes devises à son avantage, bien sûr:

"Standard Chartered Bank and the New York State Department of Financial Services have reached an agreement after the bank pleaded guilty to currency manipulation. In addition to other currencies, Standard Chartered pleaded guilty to currency manipulation of the South African rand between 2007 and 2013. In February 2017, the Competition Commission referred a number of banks – including JP Morgan Chase, Investec, Standard Bank and Absa – to the Competition Tribunal for price fixing involving the rand.

" The Commission found that from at least 2007, the banks had a general agreement to collude on prices for bids, offers and bid-offer spreads for the spot trades in relation to currency trading involving rand/dollar currency pair. Citibank has since pleaded guilty and reached a settlement agreement with the Commission to pay an administrative penalty of R69,500,860"

Via Banking Tech: "Standard Chartered has been hit with a $40 million fine for attempting to rig transactions in foreign exchange markets between 2007 and 2013. The hefty punishment was courtesy of The New York Department of Financial Services (DFS) and marks the last in a series of DFS consent orders that follow an investigation of manipulation in forex markets. According to the DFS, bank traders used a range of illegal tactics to maximise profits or minimise losses at the expense of the bank’s customers or customers at other banks.

"Standard Chartered admitted that it failed to implement effective controls over its forex business, which is conducted at its London HQ and in other financial centres, including at its New York branch ... The action follows previous fines totalling $3.14 billion that DFS has levied against Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, and Goldman Sachs to resolve unlawful conduct in the forex trading business".

Dieu merci, aucun trader et surtout aucun PDG de banque n'a été mis en prison... Lire ici pour le croire.

Notez au passage que les traders FX de la Barclays, de la BNP, du Credit Suisse, de la Deutsche Bank (évidemment), et de la... Goldman Sachs ont également participé à cette grande arnaque qui a duré des années, et surtout dont la mise en place date de... 2007, comme par hasard. Merci à mes lecteurs. Revue de Presse par Pierre Jovanovic ©www.jovanovic.com 2008-2019

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