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"It's a fact that foreign exchange manipulation was committed," Swiss finance minister Eveline Widmer-saidumpf said.
Barclays is down 2.1p at 259.3p as it set aside another £800m for potential settlements for alleged foreign exchange manipulation.
Barclays dropped 4.45p to 256.95p as it set aside another £800m for potential settlements for alleged foreign exchange manipulation.
Sir John Sunderland, chair of the the remuneration committee, said the bonus pool had been reduced as a result of the anticipated fines for foreign exchange manipulation and that bonuses were being withheld from some staff.
An appearance by Bank of England members, including governor Mark Carney, at a Treasury select committee hearing brought alleged foreign exchange manipulation into the spotlight and also reminded investors of the other various banking scandals.
Her role overseeing banking and markets was a new one and gained importance as she oversaw a review of financial markets after the Libor rigging and foreign exchange manipulation scandals.
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Class-action suits are a sure-fire bet and the fallout from the alleged foreign-exchange manipulation remains unfinished business.
1.41pm GMT Carney: this is incredibly important Mark Carney insists that the Bank of England takes the issue of foreign exchange rate manipulation extremely seriously.
Photograph: PA Bank of England governor Mark Carney told the Treasury committee that the allegations of foreign exchange rate manipulation is at least as bad as the Libor scandal -- in which traders conspired to fix the interest rates charged between banks.
US regulators are also seen as friendlier to banks, though HSBC has had run-ins with authorities in there, notching up billions in fines over scandals including foreign exchange market manipulation, Libor rigging and money laundering infringements.
Regulators have also fined a handful of international firms for foreign exchange rate manipulation.
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