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Cultura

Five global banks to plead guilty, pay $5.7 billion on rate rigging


    NEW YORK/WASHINGTON (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.

    The fifth bank, UBS AG , will plead guilty to rigging benchmark interest rates, the Justice Department said.

    (Reporting by Karen Freifeld and Lindsay Dunsmuir; Editing by Soyoung Kim and Jeffrey Benkoe)