BUSINESS

5 Big Banks to Pay Billions and Plead Guilty in Currency and Interest Rate Cases

FILE - In this Wednesday, June 13, 2014, file photo, JPMorgan Chase CEO Jamie Dimon testifies on Capitol Hill in Washington.
FILE - In this Wednesday, June 13, 2014, file photo, JPMorgan Chase CEO Jamie Dimon testifies on Capitol Hill in Washington. Dimon has throat cancer that will require radiation and chemotherapy treatment during the Summer of 2014.. Dimon disclosed his condition in a message late Tuesday, July 1, 2014, to the New York company's employees and shareholders. He will remain JPMorgan Chase's CEO and continue to run one of the world's largest banks while he battles the cancer. (AP Photo/J. Scott Applewhite, File)

Adding another entry to Wall Street’s growing rap sheet, five big banks have agreed to pay more than $5 billion and plead guilty to multiple crimes related to manipulating foreign currencies and interest rates, federal and state authorities announced on Wednesday.

Read more on The New York Times

CONVERSATIONS