5 Banks To Plead Guilty To Criminal Rigging Charges, Pay $5.6 Billion For Manipulating Markets

5 Banks To Plead Guilty To Criminal Rigging Charges, Pay $5.6 Billion For Manipulating Markets

As the live webcast from US AG Loretta Lynch indicates, moments ago the DOJ announced five global banks including Citi, J.P. Morgan, Barclays, RBS would plead guilty to criminal charges to conspiring to manipulate FX Prices, and would pay some $5.6 billion in combined penalties to resolve a long running U.S. investigation into whether traders at the banks colluded to move foreign currency rates in directions to benefit their own positions.

3 thoughts on “5 Banks To Plead Guilty To Criminal Rigging Charges, Pay $5.6 Billion For Manipulating Markets

  1. Compared to the hundreds of billions they stole, compared to the lost jobs, homes and portfolios of millions, this is a pathetic drop in the bucket.
    Who goes to jail?
    Where is recompense for those who lost all thanks to their crooked acts?
    Who gets the money?
    Who loses their job?
    Who loses their homes and futures?
    Oh, yeah, thats right………screw the American workers……

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