Not going to hold my breath
for this one.
The Justice Department is weighing whether evidence of wrongdoing in currency trading means banks violated old deals resolving probes into the rigging of benchmark interest rates that included promises they wouldn’t break the law, said two people, who asked not to be identified because final decisions haven’t been made.
The Justice Department can tear up the deals if it finds the banks committed any crime after they were negotiated. The agreements, which are similar to putting banks on probation, leave the institutions exposed to criminal charges if they are revoked.
