October 14, 2013 BY Gerald Segal
FBI joins UK's FCA and Switzerland's FINMA in probing FX rate manipulation
Focus seems to be on chat room activity around the daily 4pm London fix. A report Friday by Bloomberg suggests that the US Justice Department and the FBI are conducting separate criminal probes into foreign currency rate market rigging by some of the world's biggest banks, around the daily 4pm fix of various currency pairs.…
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