February 10, 2014 BY Gerald Segal
Big banks face both criminal charges and civil lawsuits over 4pm fix currency probe
FCA hints that criminal charges are coming; Asset Managers launching lawsuits. So far, the major fallout of the investigations launched by several national financial regulators into the rigging of the global currency market -- specifically into the way the daily 4pm cross currency fix is set -- has been limited to some bad press for…
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