SUBSCRIBERS

Banks face more charges in US over currency and interest rate fixing

Published Tue, Oct 7, 2014 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    New York

    THE US Justice Department is preparing a fresh round of attacks on the world's biggest banks, again questioning Wall Street's role in a broad array of financial markets.

    With evidence mounting that a number of foreign and US banks colluded to alter the price of foreign currencies, prosecutors are aiming to file charges against at least one bank by the end of the year, according to interviews with lawyers. Ultimately, several banks are expected to plead guilty to resolve the investigation.

    Share with us your feedback on BT's products and services