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The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland's UBS, for violating a prior settlement of Libor charges. Traders from the banks, communicating in a chat room referred to as "the Cartel", agreed to withhold bids or offers for euros or dollars at distinct times to protect each other's trading positions, the Justice Department said. The bank's chat room nickname "aptly describes the brazenly illegal behavior they were engaged in on a near-daily basis," said US Attorney General Loretta Lynch. Wednesday's settlement follows earlier agreements between large banks and global regulators in a massive global probe into rigging foreign exchange trading that has ensnared most large banks and resulted in numerous firings and suspensions of individual traders. Barclays chief executive Antony Jenkins said he regretted that "some individuals" within the bank "have once more brought our company and industry into disrepute. In Wednesday's deals, in addition to forex-manipulation charges, both Barclays and UBS were fined for violating a settlement for conspiring to rig Libor, the global commercial interest rate benchmark used to peg millions of rate-sensitive contracts and loans around the world.