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Opinion
Matt Levine

Bank FX Fine Scorecard (Follow Along at Home!)

Bank scandals are all one size: Everything is Bad, but no one wants to think about How Bad.

The foreign-exchange settlements are very hard to keep straight so I made a little scoreboard of the various fines that various banks have paid to various regulators:

I hope it's comprehensive! But I probably missed some regulator somewhere. Anyway, $10.3 billion seems like a lower bound on fines paid for FX manipulation.