Essex Express

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AAAlphaThunder
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Essex Express

Post by AAAlphaThunder » Fri May 17, 2019 7:38 am

Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market.

Four banks in the "Banana Split" cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

Three banks in the "Essex Express" cartel - Barclays and RBS again, plus MUFG - were fined €258m.

A sixth bank, UBS, was excused financial penalties for revealing the cartels' existence.
https://www.bbc.com/news/business-48292946
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Re: Essex Express

Post by blythburgh » Fri May 17, 2019 11:00 am

Essex man again, were the women too busy dancing round their handbags?

Sorry could not resist that one. One of my best friends comes from Essex and her family still live there and they are all lovely people. No white shoes either lol
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: Essex Express

Post by pabenny » Fri May 17, 2019 11:13 am

Nothing to do with any stereotypes about Essex people. According to the BBC story, Essex Express was the name of the chatroom and was so named because the participants met on the train.
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Re: Essex Express

Post by blythburgh » Fri May 17, 2019 11:17 am

pabenny wrote:
Fri May 17, 2019 11:13 am
Nothing to do with any stereotypes about Essex people. According to the BBC story, Essex Express was the name of the chatroom and was so named because the participants met on the train.
On the train from Essex. But the fact they had the jobs they had showed how intelligent they were but sadly not moral enough. Or succumbed to the pressure to produce over and above what was legally and morally achievable
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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