Financial stocks were mixed in midday trading Wednesday after the Department of Justice settled with five of the world’s largest banks over criminal charges related to manipulation of currency markets. Citigroup (C), UBS (UBS), Barclays (BCS), JPMorgan (JPM) and RBS (RBS) will pay a total $5.6 billion in fines. Higher oil prices were pulling the airline sector lower. Southwest Airlines (LUV), American Airlines (AAL), JetBlue (JBLU), United (UAL) and Delta (DAL) were all trading in the red on Wednesday. Stocks were hugging the flat-line on Wednesday as investors traded nervously ahead of the Federal Reserve’s meeting minutes out this afternoon.
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