JPMorgan Chase & Co.

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BULLETIN: Traders Operated ‘The Cartel’; Banks Charged Criminally

BULLETIN: Traders Operated 'The Cartel'; Banks Charged Criminally

Forex traders at four multinational banks — Citicorp, JPMorgan Chase & Co., Barclays PLC and Royal Bank of Scotland plc — formed “The Cartel” and conspired to manipulate the prices of the U.S. dollar and the euro, the U.S. Department of Justice said today. All four banks have been charged criminally in an investigation that […]