WebFeb 5, 2014 · The banking conglomerate with significant market share of Foreign Exchange volumes through its Institutional FX dealing business lines, Deutsche Bank AG, has reportedly fired three FX traders in New York amid ongoing Forex investigations by global regulators that has drawn some of the largest dealers into the massive probe of alleged …

HSBC Suspends Two Currency Traders Amid Global Forex Probe

WebFeb 26, 2014 · The news was revealed in a Form 10K Annual Report filing by Bank of America Corporation for its 2013 full-year. Bank of America Corporation is the … WebJan 23, 2014 · Investors Shun Currency Benchmark Amid Forex Probe - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging... csu fullerton women\\u0027s soccer

GBP/JPY Forecast – British Pound Continues to Probe Resistance

The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, … See more The foreign exchange market (forex) has been largely unregulated, because regulators considered it "too big to be manipulated". See more As of December 2014, the monetary losses caused by manipulation of the forex market were estimated to represent $11.5 billion per year for Britain’s 20.7 million pension holders alone (£7.5B/year). The manipulations affected customers all around the world, … See more On 19 December 2014 the first and only known arrest was made in relation to the scandal. The arrest of a former RBS trader took place in Billericay, Essex, and was conducted by the City of London Police and the Serious Fraud Office. Several traders … See more At the center of the investigation were the transcripts of electronic chatrooms in which senior currency traders discussed with their competitors at other banks the types and volume of the trades they planned to place. The chatrooms had names such as "The Cartel", "The … See more On 12 November 2014, the United Kingdom's Financial Conduct Authority (FCA) imposed fines totaling $1.7 billion on five banks for … See more As of November 2014, respective authorities announced remediation programmes aimed at repairing trust in their banking systems and the wider foreign exchange … See more • Fideres • Libor scandal, 2012 • White-collar crime See more WebMar 26, 2014 · Authorities in the United States, UK, Switzerland, Germany and Singapore are looking into allegations of collusion and manipulation of the $5.3 trillion a day global forex market. Since the probes ... WebJul 21, 2016 · HSBC is reviewing a past investigation of forex trades after the arrest on Tuesday night of a senior manager in New York for alleged fraud, according to a source familiar with the matter. HSBC ... csu fullerton women\u0027s soccer