Welcome to the pulse. We are live in london. Im guy johnson. I am francine lacqua. Lets get to our top stories. 3. 3 billion. Regular dinners regulators banks 3. 3 five billion dollars to settle a probe into Exchange Rate rigging. Great to have you on the program. Give us a sense of how much this was actually expected. We published of 2013 that outlined problems with the benchmark, the focus of the fines today, and suggested that traders were regularly communicating ahead of these fixes. They were aligning their positions and attempting to manipulate the fixes. Here is more detail if anything is more egregious than anticipated, interested banks to work would Work Together to rig benchmarks to maximize their profits. It is the same old story in that respect. One name that really stuck , that was being there barclays. What is going on with barclays . It is a bit of a moving feast. We were under the impression that barclays was going to settle. Something changed recently. An interesting p