Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
The New York Department of Financial Services has hit Goldman Sachs with a $54.75 million fine, as part of a consent order, for improperly sharing customer information with other banks, and for conduct that disadvantaged customers and potentially affected market prices.
The NYDFS has also slapped Barclays and Credit Suisse with multi-million-dollar fines since the eruption of the foreign exchange benchmark scandal. It was the first regulator to impose a penalty on a bank for misusing last look
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