May 30, 2016 BY LeapRate Staff

Saudi Arabia banks investigated for currency peg speculation products

Numerous news sources including FT.com and Gulf News are reporting that Saudi Arabia's government is investigating several of the country's banks, for creating structured products which allow traders to speculate on the possible end of the currency's US Dollar peg. Several leading international hedge funds, including Bill Ackman's Pershing Square Capital and PointState Capital are reported to…

Read more