These are the first cases to come out of a global probe into allegations of widespread rate-rigging in foreign exchange markets.
UK Financial Conduct Authority Mining News
The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.
The three banks have been accused of fixing the price of trillions of dollars worth of silver.
On top of the fine, one of the bank's former traders has been banned from working in London.
An unidentified source familiar with the matter told Bloomberg that the UK Financial Conduct Authority has launched an informal probe into the matter.