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WBR: Banks fined for currency fixing 12 Nov 14

November 12th, 2014

Episode 81 of 1091 episodes

Six banks have been collectively fined more than $4.1bn over their traders' attempted manipulation of foreign exchange rates. We ask former regulator Mark Burman whether the fine will make a difference to how the banks operate. Also the US and China strike an unexpected climate deal. Beijing based climate expert Tao Wang tells us it's a breakthrough - as US economist Irwin Stelzer argues the summit in Beijing shows the Chinese see themselves in the ascendancy in world affairs. And Maddy Savage in Stockholm tells us about Sweden's bid to become the first fully cashless society.

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