Citigroup, J.P. Morgan's Shares Slip After Payments To Resolve Forex Probe

The shares of Citigroup and J.P. Morgan Chase slipped in premarket trade Wednesday, after the banks agreed to pay regulators to resolve allegations that they tried to manipulate the foreign currency market. Citigroup shares were down 0.7% and JPMorgan's stock, a component of the Dow industrials, lost 0.9%. Among the U.S.-listed shares of the other three banks -- the five banks paid a total of about $3.3 billion to U.S., British and Swiss regulators to resolve the forex probe -- those of HSBC Holdings slid 1% while those of UBS edged up 0.3%. Royal Bank of Scotland's U.S.-listed shares were still inactive ahead of Wednesday's open.