Bank CEOs Blame Currency Rigging on the Work of a Few Bad Apples
DOJ's Lynch on Market-Rigging Settlements in Two Minutes
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Wall Street’s biggest banks admitted Wednesday to rigging currency markets around the world. Within minutes of the Justice Department’s announcement, they were blaming it on a few rotten apples.
“I share the frustration of shareholders and colleagues that some individuals have once more brought our company and industry into disrepute,” Barclays Plc Chief Executive Officer Antony Jenkins said in a statement announcing his bank’s guilty plea.