"The FX market, in which traders are able to buy, sell, exchange and speculate on currencies, is one of the world's largest and most actively traded financial markets," with trading averaging $5.3 trillion a day.1 And six of the biggest banks in that market just settled charges of manipulating it, paying a total of about $4.3 billion to a bunch of regulatory agencies, with a bunch more regulators (and Barclays!) still to come.2 So that seems like a big deal. Bigger than Libor, even, though still a speck next to the Everest that is Bank of America's pile of mortgage settlements. I guess you could ask, well, OK, but ... (full story)