Five leading banks were seen subject of nearly $6 billion penalty after forex probe. Four of them were pleaded guilty on Wednesday due to trying to manipulate foreign exchange rates.

All of them, JPMorgan Chase, Barclay, UBS, AG, Royal Bank of Scotland, and Citigroup, will plead guilty due to cheating clients using invitation-only chat rooms and coded language to coordinate their trades and except for UBS AGĀ  also reagrding manipulating the US dollars and euros price, according to the US Department of Justice.

As we mentioned on Wednesday, UBS will be plead guilty only in the LIBOR benchmark manipulation, nevertheless in antitrust case it received immunity.

As U.S. Attorney General Loretta Lynch stated at a news conference in Washington, “the penalty is fitting, considering the long-running and egregious nature of their anticompetitive conduct,”

The investigation has been spurred in 2013 in connection with the London interbank offered rate (Libor) rigging and banks had pledged to overhaul their corporate culture and bolster compliance.

Cases are expected to be brought against individuals as well, relating to clients’ trading on forex markets via banks, when the institutions were handling these trades in own favour at the expense of clients.

Citicorp, a subsidiary of Citigroup Inc., will pay the highest penalty, of $925 million, according to the settlements with the United States Department of Justice (DOJ), while settlement with Fed will cost Citigroup $342 million.

Barclay’s is about to pay $400 million to CFTC, $485 million to DFS, $710 million to DOJ, $342 million to FRB and $284 to FCA.

JPMorgan’s share reached $550 million and further $342 million to the Fed.

The Royal Bank of Scotland will pay a criminal fine of $395 million, and a $274 million penalty to the Fed.

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