Bloomberg Barclays Plc’s former head of global spot foreign exchange trading was fined $1.2 million and banned from the banking industry for his involvement in rigging currency rates, the Federal Reserve said. The Fed said it imposed the penalties after Christopher Ashton failed to respond to the central bank’s June 2016 allegations that he participated in online chat rooms used …

Bloomberg Australia should extend its new bank levy to foreign financial institutions in a bid to recoup more than the planned A$6.2 billion ($4.6 billion), according to cross-bench lawmaker Nick Xenophon. Applying the tax to foreign banks as well as the nation’s five biggest lenders may recoup as much as A$800 million, which could help fund compensation for victims of …

Bloomberg JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains optimistic about the global economy and the prospects for regulatory reform under US President Donald Trump. “Japan is growing more than it has grown in 15 years, Europe is doing well all things considered, America is chugging along,” Dimon said in an exclusive interview with Bloomberg TV …