Brazilian antitrust watchdog Cade said it reached an agreement with five large international banks, fining them a combined 183.5 million reais ($54 million) for forming a cartel in offshore foreign exchange markets. The banks, which were accused of manipulating exchange rates of the Brazilian real, are Barclays Plc (BARC.L), Citicorp (C.N), Deutsche Bank SA (DBKGn.DE), … Continue reading Brazil regulator Cade fines foreign banks for currency manipulation