5 major banks plead guilty to FX market rigging

  • Six of the world’s largest banks will pay $5.8 billion for currency-rigging
  • Citi, JP Morgan, Barclays and RBS agreed to plead guilty, while UBS was granted immunity in this probe
  • The US Justice Department estimates that the total fines and penalties related to the FX probe will be about $9 billion

Full story: http://www.bloomberg.com/news/articles/2015-05-20/six-banks-pay-5-8-billion-five-plead-guilty-to-market-rigging

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