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5/21/2015: Five of the world’s biggest banks, Barclays Plc. (NYSE: BCS), Citigroup Inc. (NYSE: C), JPM Morgan Chase & Co. (NYSE: JPM), Royal Bank of Scotland Group (NYSE: RBS), and UBS Group AG (NYSE: UBS) pleaded guilty on Wednesday to manipulating foreign currency rates for their own benefit. They will now pay a combined $5.6 billion in penalties.
A sixth bank, Bank of America Corp. (NYSE: BAC), will pay $210 million after being fined by the Fed.
Barclays will pay the most at $2.38 billion. Citigroup is second with a $1.27 billion fine. JPM Morgan Chase & Co. will pay $1 billion, Royal Bank of Scotland Group will pay $670 million, UBS Group will pay $550 million.