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The article discusses emails written by suburban London, England, futures market trader Navinder Sarao to the British agency the Financial Conduct Authority (FCA) concerning his use of intuition instead of technical manipulation to earn about $40 million in profits from possibly manipulative practices. According to the article, the emails were released by the U.S. agency the Commodity Futures Trading Commission (CFTC).

The article reports several large banks reached settlements related to manipulation of foreign-currency markets with the U.S. Commodity Futures Trading Commission, the British Financial Conduct Authority, and Swiss regulator Finma. Citigroup Inc. and J. P. Morgan Chase & Co. agreed to pay over $1 billion apiece. Other banks settling included UBS AG, Royal Bank of Scotland Group PLC, and HSBC Holdings PLC.

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.