As Banks Face Historic Guilty Pleas Over Foreign Exchange Manipulation, Critics See Regulators Going Easy

This week, the Justice Department is expected to make a historic announcement: Major American banks are pleading guilty to criminal charges. After years of complaints over what watchdogs see as tepid bank punishments, federal prosecutors will finally bring home the prize catch. After the hefty fines and guilty pleas fall from the news cycle, however, it will be business as usual for the banks.