NOT FOR REPRINT
Page Printed from: treasuryandrisk.com/author/profile/tom-schoenberg?page=2
Sign In To follow
U.S. investigation of alleged manipulation of currency markets is said to expand to include Russian ruble and Brazilian real.
Fines and penalties to total $5.8 billion.
At least one of the banks the Justice Department is targeting is in the U.S.
The CFTC, which can bring only civil legal action, is said to have alerted the Justice Department to criminal behavior behind manipulation of ISDAfix.
Prosecutors are drawing attention to charges and lining up support of regulators before filing charges.
Because of agreements reached in a Justice Department Libor investigation, banks are turning over information useful to the government's currency-manipulation probe.
Manipulation of rate may have cost Freddie and Fannie $3 billion, report says.