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Big bank fines, no jail time...Migrant boat crisis meeting...Letterman finale

By The Associated Press | Posted - May 20, 2015 at 8:01 p.m.



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WASHINGTON (AP) — No executives are going to jail, but four of the world's biggest banks have agreed to pay more than $5 billion in penalties and plead guilty to rigging the currency markets. Traders at JPMorgan Chase, Citigroup's banking unit Citicorp, Barclays and the Royal Bank of Scotland were accused of working together to manipulate rates on the foreign exchange market. Although the fines are huge, the penalties may have limited practical consequences.

PUTRAJAYA, Malaysia (AP) — The foreign minister of Malaysia is visiting Myanmar to discuss Southeast Asia's migrant boat crisis. In the past three weeks, more than 3,000 people — Rohingya (ROH'-hin-GAH') Muslims fleeing persecution in Myanmar and Bangladeshis trying to escape poverty — have landed in overcrowded boats on the shores of Southeast Asian countries better known for their white-sand beaches. Human rights groups say thousands have been stranded.

NEW YORK (AP) — A woman who admitted to shoving a Hindu man off a New York City subway platform to his death in an attack motivated by religious animus has been sentenced to 24 years in prison. Erika Menendez was sentenced today after pleading guilty to manslaughter for the 2012 killing in Queens. Menendez told police she did it because she has hated Muslims and Hindus since the Sept. 11, 2001, terror attacks.

PHILADELPHIA (AP) — His attorney says he wasn't using a phone, but federal investigators are doing an analysis to determine if the engineer at the controls during last week's deadly derailment in Philadelphia was on the phone or not. The train barreled into a sharp curve at just over 100 mph, killing eight people. Meanwhile, the union says the engineer's rest break was shortened because of a delay on the first leg of the trip between Washington and New York. Amtrak says the break was within federal standards.

NEW YORK (AP) — After more than 6,000 broadcasts, David Letterman ran some 17 minutes over the time for his usual hour-long "Late Show." CBS says it plans to let the finale go long without cutting it. Comedy stars from Steve Martin to Tina Fey and the rock band Foo Fighters ushered Letterman into retirement after 33 years on CBS and NBC.

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The Associated Press

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