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Violation Tracker Individual Record

Company: MUFG Bank Ltd.
Current Parent Company: U.S. Bancorp
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $985,000
Year: 2020
Date: November 19, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: MUFG agreed to pay nearly $1 million to settle litigation alleging it and other banks rigged the foreign exchange market.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:17cv3139
Case Name: Contant et al v. Bank of America Corporation et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.