© 2024 | Jefferson Public Radio
Southern Oregon University
1250 Siskiyou Blvd.
Ashland, OR 97520
541.552.6301 | 800.782.6191
a service of Southern Oregon University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Five Banks To Pay Billions Over Currency Manipulation

JPMorgan Chase, Barclays, Royal Bank of Scotland Group, Citigroup and UBS have agreed to plead guilty to criminal charges and pay more than $5 billion in total penalties relating to a U.S. investigation into whether the banks manipulated foreign currency rates.

The fines are on top of more than $4 billion in penalties that many of the same banks paid in November over similar charges. Matt Klein of the Financial Times joins Here & Now’s Jeremy Hobson with details.

Guest

Copyright 2020 NPR. To see more, visit https://www.npr.org.