The Justice Department announced Wednesday that Citigroup, JPMorgan Chase, Barclays, and the Royal Bank of Scotland will plead guilty to multiple crimes, including violating antitrust laws.
A group of traders who referred to themselves as "the cartel" rigged the market to manipulate interest rates and foreign currencies. The traders executed the scheme for five years, through 2012.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The banks' parent companies are expected to enter the guilty pleas in a Connecticut federal court on Wednesday.
-
Who are China’s Westminster spies?The Explainer MI5 warns of civilian ‘headhunters’ trying to ‘cultivate’ close contacts of MPs and peers
-
The Old Bell Hotel: whimsy and charm in historic WiltshireThe Week Recommends Giraffes, monkeys and bold, bright colours add a playful touch to this 800-year-old inn
-
Will 2026 be the Trump World Cup?In the Spotlight US president already using the world’s most popular football tournament to score political points
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
