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four of the world's largest banks have agreed to plead guilty to felony antitrust violations , j. p. morgan chase and company barclays p. l. c. and the royal bank of scotland p. l. c. , they've also agreed to pay criminal fines totaling more than two point five billion dollars , starting as early as two thousand seven , currency traders at several multinational banks , formed a group that they dubbed the cartel almost every day for more than five years traders in this cartel used a private electronic chat room to manipulate the spot markets exchange rate between euros and dollars this department of justice intends to vigorously prosecute all those who took the economic system in their favor and who enrich themselves at the expense of the american consumer