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when good banks go bad, five global banks here have been told that they need to pay in excess of $5.5 billion in fines. that is connected with currency manipulation. the banks involved here jpmorgan, city barclays royal bank of scotland and ubs, although ubs gets off a little lighter because they were the first to talk to anti-trust regular you lay dors. the attorney general says that these activities were widespread. let s listen to what she said. almost every day for more than five years traders in this cartel used a private electronic chat room to manipulate the spot markets exchange rate between gyros you gyros and dollars. they acted as partners rather than competitors in an effort to

Currency manipulation5 billion5 billionHere jpmorganRoyal bank of scotlandCity barclaysAttorney generalYou gyrosChat roomSpot markets