Europe shares fall; banks mixed after forex probe fines

miércoles 12 de noviembre de 2014 05:48 GYT

* FTSEurofirst 300 down 0.6 pct, reverses previous day's gains

* HSBC, RBS, UBS, Barclays in focus after forex probe fines

By Blaise Robinson

PARIS, Nov 12 (Reuters) - European shares fell on Wednesday, with HSBC losing ground after global regulators fined five major banks for failings in currency trading.

The regulators imposed penalties totalling $3.4 billion on UBS, Citigroup, HSBC, Royal Bank of Scotland and JP Morgan.

HSBC was down 0.9 percent and RBS dipped 0.2 percent, while the Frankfurt-listed shares of JPMorgan and Citi were down 0.6-0.9 percent.

Barclays shares were 1.8 percent lower. The British bank, a major player in the foreign exchange market, had been expected to be part of the settlement but the FCA said its investigation was continuing.

"The fact that Barclays has delayed a settlement on this probe keeps the uncertainty," a London-based trader said.

Shares in UBS bucked the trend, up 0.2 percent, with traders saying the fine was already provisioned for.   Continuación...