Monday, January 13, 2014

Federal Reserve Said to Probe Banks Over Forex Fixing - Bloomberg

Federal Reserve Said to Probe Banks Over Forex Fixing - Bloomberg: "The Fed, which supervises U.S. bank holding companies, is among authorities from London to Washington probing whether traders shared information that may have let them manipulate prices in the $5.3 trillion-a-day foreign-exchange market to maximize their profits, said a person with direct knowledge of the matter, asking not to be named because it’s confidential."

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