The fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the Justice Department said.
Five global banks to plead guilty, pay $5.7 bln on rate rigging
NEW YORK/WASHINGTON, May 20 (Reuters) - Authorities fined five of the world's largest banks, including JPMorgan Chase & Co and Citigroup, 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.
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(Reporting by Karen Freifeld and Lindsay Dunsmuir; Editing by Soyoung Kim and Jeffrey Benkoe)
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