Thursday 25 April 2024
 
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Criminal charges

5 banks face criminal charges, $5bn bill over FX rigging

Five of the world's biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with US and British authorities over rigging of currency markets. It will

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JPMorgan, others to plead guilty to forex rigging

The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to criminal charges over manipulation of foreign exchange rates, people familiar with the matter said

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