Thursday, February 6, 2014

Banksters Fixing Rates? Shocking

New York state's financial regulator has opened an investigation into alleged manipulation of foreign exchange markets and is demanding documents from more than a dozen banks, a source familiar with the investigation told Al Jazeera.

Barclays, Lloyds Banking Group, Goldman Sachs and a number of other large banks that the Department of Financial Services regulates will be investigated in the probe, the source said.

[...]

Investigators suspect that traders from different banks may have used chat rooms to share information about trades in ways that benefited their positions.

  alJazeera
Surely not.

No comments: