Bloomberg reporting that U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe.
One of the sources said the US Justice Department may seek guilty pleas from several firms, including at least one in the U.S. While federal prosecutors have wrested convictions from foreign banks this year for wrongdoing, they’ve yet to win a guilty plea from a U.S. lender in that push, and they’re preparing for strong resistance if they attempt to do so
Last week I reported that the UK Financial Conduct Authority was already in talks with a number of banks over potential fines in excess of GBP 2 bln.
Bloomberg has more on the US story here
