FX Riggers Rode the ‘Essex Express’ Leading to $1.2 Billion Fine


Manage episode 233927879 series 1504389
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
David Bissinger, a partner at Bissinger, Oshman & Williams LLP, discusses the European Union fining five banks a total of $1.2 billion for colluding on foreign-exchange trading strategies with traders running two cartels in online chatrooms with colorful names like "Essex Express n’ the Jimmy," "Three Way Banana Split" and "Semi Grumpy Old Men." He speaks to Bloomberg’s June Grasso.

1320 episodes available. A new episode about every day averaging 9 mins duration .