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Barclays, JPMorgan, Citi Help U.S. Broaden Currency Probe

  • Prosecutors disclose potential new conspiracy in market
  • U.S. says 2015 currency fines reflect bank cooperation
Barclays headquarters stand in London.
Photographer: Simon Dawson/Bloomberg
Updated on

Barclays Plc didn’t close the book on allegations of currency rigging with last year’s guilty plea: Since then, the bank has reviewed more than 2.4 million documents and 100,000 audio calls about its foreign-exchange practices and interviewed dozens of current and ex-employees.

Now the U.S. government is using information from Barclays and two other banks, JPMorgan Chase & Co. and Citigroup Inc., to broaden its long-running investigation into the manipulation of foreign-currency markets.