--The European Union is set to fine banks including Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) over collusion on foreign-exchange trade, Bloomberg reports, citing unnamed sources.

--Fines may be announced by the European Commission as soon as this week as part of a settlement, according to Bloomberg, which says banks could get reduced fines if they agree not to challenge the findings.

--Barclays PLC (BARC.LN), HSBC Holdings PLC (HSBC) and UBS Group AG (UBS) are also part of a group of banks that have been investigated by the commission for almost five years, Bloomberg says.

Full story: https://bloom.bg/2VPrVaJ

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(END) Dow Jones Newswires

May 08, 2019 04:07 ET (08:07 GMT)

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