Five of the world’s top banks have pleaded guilty to manipulating the prices of world currencies and interest rates, the most serious financial crime one can possibly commit. Citigroup, JPMorgan Chase, Royal Bank of Scotland, and Barclays have pleaded guilty to felony antitrust violations while UBS pleaded guilty to playing a role in manipulating the Libor benchmark interest rate. These banks will pay a total … Continue reading Big Banks Plead Guilty to Rigging World Currencies