May 20, 2015
Posted January 25, 2016
Citicorp, JPMorgan Chase & Co., Barclays PLC and The Royal Bank of Scotland plc agreed to plead guilty to conspiring to manipulate the price of US dollars and euros exchanged in the foreign currency exchange (FX) spot market and the banks have agreed to pay criminal fines totaling more than $2.5 billion. A fifth bank, UBS AG, agreed to plead guilty to manipulating the London Interbank Offered Rate (LIBOR) and other benchmark interest rates and pay a $203 million criminal penalty. DOJ
Tagged in: Financial and Investment Fraud,