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The article reports that regulators in the U.S., Great Britain, and Switzerland are set to announce settlements with large banks of alleged wrongdoing in foreign-exchange markets. Britain's Financial Conduct Authority is expected to announce its terms with several banks including UBS AG, Barclays PLC, and Citigroup Inc. The Swiss financial regulator known as Finma (Finanzmarktaufsicht) will also disclose a settlement with UBS. The Commodity Futures Trading Commission is among U.S. regulators to be heard from as well.

The article reports that large banks in the U.S. and Europe are collectively reserving billions of dollars in anticipation of a possible settlement of charges that they manipulated foreign-exchange markets. Citigroup Inc. has set aside an additional $600 million, while Barclays PLC has added $800 million to its reserves for legal costs. Agencies trying to reach a quick settlement involving multiple banks include the U.S. Federal Reserve and British Financial Conduct Authority.