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Ex-Barclays trader pleads guilty in forex case

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Ex-Barclays trader pleads guilty in US in forex probe, Banking & Finance

Ex-Barclays trader pleads guilty in US in forex probe, Banking & Finance*/

– Jason Katz, a former Barclays trader who later worked at BNP Paribas SA, pleaded guilty in Manhattan federal court to participating in a price-fixing conspiracy, becoming the first person to admit criminal wrongdoing in the probe.[NEW YORK] A former Barclays Plc trader pleaded guilty on Wednesday to US charges arising from a global investigation into the manipulation of foreign-exchange prices at major banks, the US Department of Justice said.Jason Katz, a former Barclays trader who later worked at BNP Paribas SA, pleaded guilty in Manhattan federal court to participating in a price-fixing conspiracy, becoming the first person to admit criminal wrongdoing in the probe.
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Ex-Barclays trader pleads guilty in forex case

Ex-Barclays trader pleads guilty in forex case*/

– In May last year Barclays, Royal Bank of Scotland, JP Morgan and Citigroup collectively agreed to pay $2.5 billion after admitting participating in a conspiracy to manipulate the price of US dollars and euros Press AssociationA former Barclays currency trader has become the first individual to plead guilty to a criminal charge in a major US investigation into the manipulation of foreign exchange markets.Jason Katz admitted participating in a price-fixing conspiracy involving Russian rubles, South African rand and other emerging market currencies at a court in New York yesterday.The US Department of Justice has charged three individuals with offences in connection with its long-running investigation into forex markets.
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Ex-Barclays trader pleads guilty in U.S. in forex probe

Ex-Barclays trader pleads guilty in U.S. in forex probe*/

– UPDATE 1-China’s yuan soars against dollar as liquidity tightens offshore(Adds details, quotes) HONG KONG/SHANGHAI, Jan 5 China’s yuan soared against the U.S. dollar on Thursday following a sharp rise in the offshore spot rate as China worked to stem capital flows and stabilise the currency ahead of Donald Trump’s inauguration as U.S. president and the Lunar New Year.The offshore yuan gained 0.8 percent against the dollar and traded at 6.8151 as of 0830 GMT, driven up by a rising cost of funds in Hong Kong and trading firmer than the onshore s
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