U.S. May Revoke Settlement Agreements in Currency-Rigging Probes
A foreign tourist walks past a money changer at Kuta on Bali island on March 17, 2015.
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U.S. prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter.
The Justice Department is weighing whether evidence of wrongdoing in currency trading means banks violated old deals resolving probes into the rigging of benchmark interest rates, said two people, who asked not to be identified because final decisions haven’t been made.