3 More Ex-Currency Traders Charged With Forex Rate Rigging

Law360, New York (January 10, 2017, 5:31 PM EST) -- Three former foreign currency traders for Barclays PLC, Citigroup Inc. and two other large banks on Tuesday became the latest defendants to face criminal charges in a U.S. Department of Justice probe into foreign currency market manipulation.

The former executives allegedly coordinated their trading with each other in an online chat room while working for affiliates of those banks, JPMorgan Chase & Co. and the Royal Bank of Scotland Group PLC. The four banks agreed last year to pay about $2.5 billion in U.S. criminal fines...
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