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After huge settlements, banks face higher-stake phase of forex probes

US Justice Department may bring its first criminal charges against banks early next year: sources

New York banking regulator Benjamin Lawsky could take action against banks under his jurisdiction ahead of his expected departure, which may come in early 2015.

New York

THE US$4.3 billion in civil settlements struck between six global banks and US and UK authorities over foreign-exchange market manipulation have set the stage for negotiations over related ongoing probes that could bear much more severe consequences.

Citigroup, UBS, HSBC,...