A PYMNTS Company

US: Details emerge about DOJ’s plans for rate-rigging charges

By  |  October 8, 2014

The US Department of Justice is set to bring charges against several institutions and individuals for claims of rate-rigging, unnamed sources said.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The DOJ will likely seek guilty pleas from several firms, including at least one in the US, by the end of the year. The sources told reporters of the developments as reports emerged earlier this week that US authorities will likely pursue a guilty plea from Germany’s Deutsche Bank for LIBOR-rigging charges.

    According to reports, the DOJ’s reported plans would place the regulator on track with the progress of its counterparts in other jurisdictions. The UK’s Financial Conduct Authority, for example, is reportedly already in settlement talks with several banks over rate manipulation.

    The US Federal Reserve is also in the midst of its own case.

    Full content: Money News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.