New York regulator launches forex probe: source
Published on Feb 6, 2014 4:30 AM
NEW YORK (AFP) - New York state's financial regulator has demanded documents from more than 12 banks in the latest probe of foreign exchange market manipulation, a person familiar with the probe said Wednesday.
Benjamin Lawsky, New York's Superintendent of Financial Services, ordered documents from Goldman Sachs, Deutsche Bank, Barclays, Lloyds, RBS and Standard Charter, among others.
Authorities in the United States, Britain, Switzerland, Hong Kong and Singapore have opened probes into whether the large banks manipulated foreign exchange.
Investigators suspect that traders from different banks may have used chat rooms to share information about trades in ways that benefited their positions.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here