Fed’s Currency-Market Fines on Six Banks Total $1.8 Billion

Five Banks Plead Guilty in U.S. Market Rigging Probe

The Federal Reserve is fining six banks, including Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., a total of more than $1.8 billion for “unsafe and unsound practices” in foreign-exchange markets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.