US prosecutors are reportedly planning to sign agreements with multiple banks at the same time in early 2015 to resolve criminal currency-rigging probes.
The multibank settlement will most likely include price-fixing charges arising from alleged collusion among traders, reported Bloomberg.
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The agreements will enable the government to settle a significant portion of the currency probe.
However, the names of the banks included in the settlement have not been confirmed.
Sources said that banks are in talks to sign agreements directly with the government, and aren’t coordinating with one another.
Attorney General of the US Eric Holder said that the US Justice Department is planning for civil and criminal resolutions in the currency investigation and also indicated charges against individual traders.
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By GlobalDataAlso, the prosecutors have ordered a full accounting of any misconduct by mid-December this year, according to Bloomberg.
