Top firms help regulator with currency investigations

Citi Building Canary Wharf

Barclays 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.

Bloomberg News reports that now the U.S. government is using information from Barclays and two other banks, JPMorgan Chase and Citigroup, to broaden its long-running investigation into the manipulation of foreign-currency markets.

The three banks have cooperated to provide evidence of a potential new antitrust conspiracy in the currency spot market that prosecutors say involves different currencies than the ones at the center of their 2015 guilty pleas, according to court papers filed by the government and the banks in advance of sentencings scheduled for Thursday.

Officials at the three banks and a Justice Department spokesman declined to comment.

To access the complete Bloomberg News article hit the link below:

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

Sterling and Oil Mean U.K. Inflation Is Going One Way: Chart

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News