NEW YORK/LONDON, May 20 (Reuters) - Citigroup Inc andJPMorgan Morgan Chase & Co are receiving regulatorywaivers to allow them to continue to quickly issue newsecurities and continue doing business with mutual funds andexchange-traded funds, according to two people familiar with thematter.
The U.S. Securities and Exchanges Commission is expected topublicly confirm the waivers will be in place once the banksformally enter criminal guilt pleas to manipulating foreignexchange rates, possibly near the end of the business day onWednesday, the sources said.
Barclays Plc, another bank that agreed to pleadguilty on Wednesday to U.S. criminal charges, has also beengranted SEC waivers that will allow the bank to continue most ofits business activities, another source said.
An SEC representative did not have immediate comment. (Reporting by David Henry in New York and Steve Slater inLondon; Editing by Soyoung Kim and Jeffrey Benkoe)