US, Britain fine 6 top banks nearly $6bn for forex, Libor abuses
JPMorgan Chase
New York - Arab Today
US and British regulators fined six major global banks nearly $6 billion Thursday for rigging the foreign exchange market and Libor interest rates.
The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland's UBS, for violating a prior settlement of Libor charges.
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