JPMorgan Chase, Barclays, Royal Bank of Scotland Group, Citigroup and UBS have agreed to plead guilty to criminal charges and pay more than $5 billion in total penalties relating to a U.S. investigation into whether the banks manipulated foreign currency rates.
The fines are on top of more than $4 billion in penalties that many of the same banks paid in November over similar charges. Matt Klein of the Financial Times joins Here & Now’s Jeremy Hobson with details.
Guest
- Matt Klein, reporter for the Financial Times’ FT Alphaville. He tweets @M_C_Klein.
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