Agreement on extradition

THREE London-based former currency traders facing US charges that they tried to manipulate prices in the world’s largest financial market have agreed not to fight extradition, and will appear at a New York court hearing next month. Rohan Ramchandani, Richard Usher and Chris Ashton, formerly of Citi, JP Morgan Chase and Barclays – dubbed the “Cartel” – were indicted by the department of justice (DoJ) in January. A preliminary hearing in New York has been scheduled for July 17. As per the bail terms agreed with the DoJ, the three men will be able to return to and stay in Britain until the case comes to trial.