File - BNP Paribas’ General Director Jean-Laurent Bonnafe speaks during a news conference to present the group’s 2017 first-half results. AFP / CHRISTOPHE ARCHAMBAULT
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A unit of BNP Paribas SA agreed to plead guilty and pay a $90 million criminal fine for rigging foreign currency prices, the U.S. Department of Justice said Friday.The settlement also resolves investigations by the U.S. Federal Reserve and the New York State Department of Financial Services, BNP Paribas said.BNP Paribas is the sixth major bank to admit criminal wrongdoing in the Justice Department's currency probe. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and UBS Group AG have also entered guilty pleas, the Justice Department said.
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