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

by Tyler Durden
ZeroHedge.com
05/20/2015

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.

The Rest…HERE

This entry was posted on Wednesday, May 20th, 2015 at 10:27 am and is filed under Conspiracy, Corruption, Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.