Big Banks Plead Guilty, Fined $5.7 Billion On Market Manipulation

Los Angeles Times – May 20, 2015

Citicorp, JP Morgan Chase & Co., and three other global banking giants have agreed to plead guilty to U.S. felony charges for rigging foreign currency exchange rates and pay a total of nearly $5.7 billion in fines as part of settlements announced Wednesday by U.S. and European officials.

“Behaving Badly” when observed in banking,
Is “solved” with a pricey “fiscal spanking.”

Leave a Comment

Previous post:

Next post: