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Barclays PLC

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  • NEW YORK/ LONDON, May 20- Citigroup Inc and JPMorgan Morgan Chase& Co are receiving regulatory waivers to allow them to continue to quickly issue new securities and continue doing business with mutual funds and exchange-traded funds, according to two people familiar with the matter. Barclays Plc, another bank that agreed to plead guilty on Wednesday to U.S....

  • In FX rigging: "If you ain't cheating, you ain't trying" Wednesday, 20 May 2015 | 1:07 PM ET

    LONDON, May 20- Foreign exchange traders clubbed together in a brazen "heads I win, tails you lose" strategy to rip off customers as they rigged the $5 trillion- per-day currency market, British and U.S. authorities said on Wednesday. A Barclays employee was quoted as saying in 2010: "markup is making sure you make the right decision on price... which is whats the worst...

  • May 20- Six big banks agreed to pay $5.7 billion to U.S. and UK authorities on Wednesday over allegations they rigged currency markets, taking the industry's bill for the scandal to more than $10 billion. JPMorgan, Citigroup, UBS, Barclays and RBS agreed settlements with the U.S. Department of Justice. Barclays was also slapped with fines from other UK and U.S....

  • TREASURIES-U.S. 30-year bonds fall ahead of Fed minutes Wednesday, 20 May 2015 | 11:07 AM ET

    *Greece debt concerns spur earlier safety bids for bonds. "The April FOMC minutes might have a hawkish tone," said Todd Colvin, senior vice president at Ambrosino Brothers in Chicago. Companies raised $38 billion in the bond market on Monday and Tuesday, according to IFR, a Thomson Reuters unit.

  • NEW YORK, May 20- Five of the world's largest banks, including JPMorgan Chase& Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland...

  • *Barclays fined $2.4 bln, fires 8 employees. *Citi, Barclays, JP Morgan and RBS plead guilty. Traders at Citigroup, JP Morgan, Barclays and Royal Bank of Scotland, who described themselves as "The Cartel", used an invitation-only electronic chatroom and coded language to manipulate the price of U.S. dollars and euros between December 2007 and January 2013, according to...

  • Traders at JPMorgan Chase, Citigroup's banking unit Citicorp, Barclays and the Royal Bank of Scotland were accused of working together to manipulate rates on the foreign exchange market, where hundreds of billions of dollars and euros change hands back and forth. The penalties are a victory for the government and reflect a broader effort by the Justice...

  • NEW YORK/ WASHINGTON, May 20- Authorities fined five of the world's largest banks, including JPMorgan Chase& Co and Citigroup inc, roughly $5.7 billion, and four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, the U.S. Department of Justice said on Wednesday. U.S. banks JPMorgan Chase and Citigroup will pay $550...

  • *Greece debt concerns rekindle safety bids for bonds. Treasuries prices were higher on Wednesday, as concerns about Greece's ability to meet its debt payments renewed safe-haven demand for bonds ahead of the release of the Federal Reserve's record of its April policy meeting. "The market bounce is driven in part on worries Greece can't make its June debt...

  • LONDON, May 20- Swiss bank UBS said it has settled a probe by U.S. authorities over alleged rigging of currency markets and will pay $342 million to the Federal Reserve. UBS said it would also pay a $203 million penalty and plead guilty to criminal charge with the U.S. Department of Justice, but that relates to manipulation of Libor benchmark interest rates.

  • *JP Morgan, Citigroup, RBS and Barclays next in firing line. ZURICH/ NEW YORK, May 20- UBS will plead guilty to rigging benchmark interest rates and pay $545 million to U.S. authorities to settle their probe into alleged manipulation of foreign exchange rates. The Swiss bank's payment is part of what is expected to be a combined $5 billion settlement by five of the...

  • Wednesday's settlement with the U.S. Department of Justice, the Federal Reserve, and the Connecticut Department of Banking follows a settlement UBS reached six months ago with Swiss financial regulator FINMA, which included a fine and bonus curbs. "The conduct of a small number of employees was unacceptable and we have taken appropriate disciplinary actions,"...

  • U.S. banks JPMorgan and Citigroup and Britain's Barclays and Royal Bank of Scotland are expected to plead guilty to criminal charges with the U.S. Department of Justice related to forex manipulation, people familiar with the matter said. JPMorgan and Citigroup would be the first major U.S. banks to plead guilty to criminal charges in decades.

  • DOJ to announce currency manipulation settlement Tuesday, 19 May 2015 | 6:24 PM ET
    U.S. Department of Justice, Washington, D.C.

    Some major bank holding companies are expected to plead guilty to currency manipulation charges and could pay billions in fees.

  • The banks being investigated are BNP Paribas, Citigroup, Barclays, JP Morgan, Investec, Standard Bank and Standard Chartered, the Competition Commission said on Tuesday. While similar foreign exchange price-fixing probes are underway in Europe, Asia and the United States, this is the first time regulators have investigated banks' trading in the South African...

  • WASHINGTON— The U.S. housing market has given a sudden jolt to what appeared to be a slumping economy. Builders broke ground on homes last month at the fastest pace in more than seven years. "If you're willing to buy a house, that speaks volumes about your confidence, job prospects and economic fortunes going forward," said Michael Dolega, a senior economist at TD Bank.

  • LONDON, May 19- The euro dived back below $1.12 on Tuesday after European Central Bank officials said the bank could take further action to quash euro zone bond yields and boost inflation, potentially flooding the market with yet more euros. Fellow ECB governing council member Christian Noyer said the bank was ready to take further action to meet its inflation...

  • *Less gloom on Europe soured bullish dollar, bond bets. NEW YORK, May 19- The dollar's four-week decline and a slump in bond prices has upset some assumptions about where global financial markets are heading, but haven't deterred most investors from staying faithful to their bets. "What we have really seen this month is a correction as opposed to a turn," said Mark...

  • *Dollar holds firm in wake of rise in U.S. bond yields. *Euro dented by persistent worries over Greece's debt. SINGAPORE/ TOKYO, May 19- The dollar held firm on Tuesday in the wake of a rise in U.S. bond yields and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month.

  • Oil ends lower on firmer dollar, bearish outlook Monday, 18 May 2015 | 2:30 PM ET
    Oil

    WTI settled down as a rallying dollar weighed on the commodities complex amid a bearish price outlook by Goldman Sachs.