|Day's Range||65.26 - 66.68|
|52 Week Range||35.27 - 68.40|
|PE Ratio (TTM)||11.06|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
New York regulators have accused more than a dozen traders and salespeople working for a French bank of manipulating foreign exchange rates and other illegal activity over the course of six years. Paris-based bank BNP Paribas has since agreed to pay $350 million to make up for the misconduct. The DFS went on to describe how one trader — then located in New York — manipulated several currencies, including the South African rand, Hungarian forint and Turkish lira.
French bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense. More than a dozen traders and salespeople in New York and other trading hubs manipulated foreign exchange rates and engaged in other illegal activity while the bank failed to properly supervise the business, the New York Department of Financial Services (DFS) said in a statement. BNP Paribas said it "deeply regrets the past misconduct," which occurred between 2007 and 2013, the bank said in a statement Wednesday.
BNP Paribas agreed to pay a $350 million penalty to resolve allegations by New York’s banking regulator that foreign-exchange traders at the French bank engaged in collusion to manipulate currency rates....