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Big Banks Brace for Penalties In Probes.
- Source :
-
Wall Street Journal - Eastern Edition . 10/31/2014, Vol. 264 Issue 104, pA1-A2. 2p. - Publication Year :
- 2014
-
Abstract
- 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.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 264
- Issue :
- 104
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 99119550