The Business Times
SUBSCRIBERS

Barclays, JPMorgan, Citigroup help US broaden currency probe

The three banks have cooperated to provide evidence of a potential new antitrust conspiracy in the spot market

Published Tue, Dec 13, 2016 · 09:50 PM

Washington

BARCLAYS plc didn't close the book on allegations of currency rigging with last year's guilty plea: since then, the bank has reviewed more than 2.4 million documents and 100,000 audio calls about its foreign-exchange practices and interviewed dozens of current and ex-employees.

Now the US government is using information from Barclays and two other banks, JPMorgan Chase & Co and Citigroup Inc, to broaden its long-running investigation into the manipulation of foreign-currency markets.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here