“Primed like a coiled cobra…concentrating so hard…[as if] made of wax…[haven’t] even blinked.”

The colorful trader chat, including the above example of a Barclays trader attempting to execute a client order, is being hung out for all to see once more today after five global banks were fined over allegations of foreign exchange benchmark rigging. The giant $5.6 billion settlement involves Barclays, Citigroup, JP Morgan, Royal Bank of Scotland and UBS being fined variously by the Department of Justice, the Financial Conduct Authority, the Commodities Futures Trading Commission and pleading guilty to various criminal charges.