Large Banks, Brokerages Subject of New DoJ Probe

Several large banks and brokerage firms are subject of a U.S. probe into currency manipulation spearheaded by the Department of Justice Department with a separate Commodity Futures Trading Commission investigation in tow.

DoJ probes JPMorgan of currency manipulation

JPMorgan has set aside another $990 million in potential fines and legal costs related to the matter and other firms involved in the probe, first reported in The Wall Street Journal, include Citigroup and UBS AG. Citing unnamed sources familiar with the matter, the report said multiple teams of DoJ lawyers have also been in London interviewing...