British and U.S. Regulators Fine Big Banks $3.16 Billion in Foreign Exchange Scandal –

It takes awhile but Goldman Sachs receives mention in this article. I find it interesting hearing Goldman’s name in the Illegal FX manipulation discussion after the FAME VI conference this past weekend. During that conference a Goldman representative stated he didn’t like equities but does like FX.

Also, lawmakers are “considering whether to police more benchmarks” after nabbing the LIBOR and FX bandits. I wonder if there is any manipulation in benchmarks such as the S&P500 that many of us own…

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