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Wednesday, January 11, 2017

US Charges Three UK Traders

Reuters reports that t he U.S. Justice Department has brought charges against three former traders (based in the UK) at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks.

Richard Usher, formerly of JPMorgan, Rohan Ramchandani, formerly of Citigroup, and Christopher Ashton, formerly of Barclays, were charged with conspiring to restrain trade in an indictment filed at a federal court in Manhattan.

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