The Federal Reserve Board yesterday announced that it will fine BNP Paribas S.A. and its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the Forex markets. …
Tag: forex manipulation
French bank BNP Paribas (BNPP) has today been struck with a $350 million USD fine by New York State's banking regulator. The bank is being held responsible for its Foreign …
Bank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to …
The Swiss Financial Market Supervisory Authority (FINMA) today announced that has issued industry bans of between one and five years against six managers and traders formally employed in the foreign …
The bill over FX market manipulation keeps growing for big investment giants, with three of the UK's biggest banks - Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), and Royal Bank …
Algorithms are now used to carry out 90% of orders placed at the daily fix rate, compared with about 5% before the 4pm FX fix investigation.
The former Citigroup employee is set to challenge his dismissal at a London court today.
Bloomberg first reported on the confidential investigation in which U.S prosecutors are using cooperation agreements it reached with banks in May to gather information and interview traders about suspected market …
FX traders have been shocked into behaving themselves as a result of the recent regulatory fines, prosecutions and law suits surrounding the FX rate manipulation among bank traders, but it …
Jeong Jae-chan, the chairman of South Korea’s Fair Trade Commission, told a parliamentary hearing that an investigation had begun, although he did not elaborate.
