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Ex-Barclays FX trader pleads guilty in long-running US probe

Five banks, including Barclays, had paid penalties to resolve probe into alleged manipulation of foreign-currency prices

Ex-Barclays FX trader pleads guilty in long-running US probe

A former foreign-exchange trader at Barclays pleaded guilty on January 4 to conspiring to manipulate currency rates, the first individual publicly charged in an investigation over collusion at top global banks to move the rates.

Jason Katz, who worked on the New York foreign-exchange desk at Barclays and two other banks, admitted to working between 2007 and 2013 with dealers at other institutions to fix prices for currencies in central and eastern Europe, the Middle East, and Africa, the Justice Department said.

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