U.S. Said to Seek Multibank Accord in Criminal FX Probe
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U.S. prosecutors are seeking to settle criminal currency-rigging cases with multiple banks at the same time, allowing lenders to avoid being singled out for industrywide conduct, according to people familiar with the matter.
The agreements, which are likely to come early next year, will probably include price-fixing charges stemming from alleged collusion among traders, said the people, who asked not to be named because the negotiations are private.