Barclays was fined the most at $2.4bn. The fines were primarily for cartel-style operations in the FX market between 2008 and 2012. Barclay's CEO Antony Jenkins who hails from the British town of Stoke on Trent and has a Cranfield MBA expressed regret at the bank's actions. His stock rallied 3.4%. The fines were from a number of regulators with the US Department of Justice raking in a record windfall in fines. JP Morgan's problems apparently resulted from an ex RBS hire who was brought in as head of G10 spot trading.
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