Europe markets pull back on FX settlement after Japan stocks climb
By Lionel Laurent LONDON (Reuters) – European shares and core bond yields fell on Wednesday, bucking a strong performance in Japan, with bank stocks under pressure following a landmark $3.4 billion settlement over allegations of price-fixing in currency markets. The pan-European FTSEurofirst 300 equity index was down 0.6 percent at 0852 GMT, while the STOXX Europe 600 banks index was down more than 1 percent. Regulators imposed penalties totaling $3.4 billion on UBS , Citigroup , HSBC , Royal Bank of Scotland and JP Morgan . …