U.S. Is Seeking Billions From Global Banks in Currency Manipulation Settlement
by Keri Geiger & Greg Farrell
12:20 PM MST
March 13, 2015
(Bloomberg) -- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.
The discussions, which have begun in earnest in recent weeks, could lead to settlements that would resolve U.S. accusations of criminal activity in the currency markets against Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and UBS Group AG. The government has also said it is preparing cases against individuals.
Sunday, March 22, 2015
Despite billions in fines, the banksters don't hesitate to cheat & steal. The only solution I see is giving C-Suite persons long prison sentences and that's not going to happen anytime soon.
Posted by Steve J. at 3:38 AM